Jul. 15, 2020
Dear SEC Committee, I will keep this brief. I am deeply opposed to this change. Market transparency is a good thing for the health of the market. Added cost for filing holdings with the SEC is nearly $0. The majority of managers have portfolio turnover rates exceeding 100% annually so reporting quarterly holdings should not be an issue. Given that the costs associated with filing holdings is extremely negligible, ending this reporting is a bad idea. Reducing transparency removes investor confidence in the market and allows for more insider trading potential. Sincerely, Eashwar Iyer