Jul. 16, 2020
Hello, as a small-time investor I feel like the proposed changes will essentially give large corporations the ability to work together to orchestrate massive pump and dumps and leave many people completely broke. For as much as the world has been pushing the “transparency” narrative, and implying that if people were simply more transparent, we wouldn’t have anywhere near as many issues, S7-08-20 is would do nothing but prevent small-time investors such as myself from being able to know who the other shareholders are, and to avoid call signs with massive amounts of well-known short sellers and whatnot. While I understand that as one small-time investor I’m relatively irrelevant to the stock exchange in the long run, what many people are failing to realize is the fact that with trading becoming readily available to anyone who’s interested through apps such as Webull and Robinhood, we make up a relatively decent amount of traders. This proposition seems like nothing more than another way for the big guys to profit off small guys like myself regardless of how badly it affects us. Vadim