Jul. 14, 2020
Hi, I am writing to voice my concern regarding S7-08-20. As I read this proposal I am astonished as to how this was proposed given today’s current climate. You are literally hurting main investors by reducing the amount of transparency for the common investor. By limiting the threshold you are reversing all of the great work that was done after the result of the 2008 recession by increasing the reporting threshold. The SEC is suppose to assist and aid the American ppl but this move only helps the major player/money managers. Below are a few reason I do not agree proposed change: Raising the reporting threshold to such a high number will severely limit future academic research on markets, investing and securities. Raising the reporting threshold to such a high number will reduce public companies' opportunity to know more about who their shareholders are. Many managers are known to talk among themselves, sharing ideas and information. They have access to company management that small investors don't. Given the SEC's emphasis on a level fair playing field, this rule change makes no sense. The “justification” for the rule change is highly questionable. I hope that everyone can come to the table and propose something that is actually valuable to the American people and not just valuable to the rich.