Jul. 16, 2020
This email is in regards to the recent threat of the SEC taking away transparency measures that are key points in investor trust with the market. Allowing institutions to not have to disclose purchases over $100million will surely instill fear instead of trust into the market while simultaneously creating mistrust within retail investors and international investors alike. This rule change is one of the most disrespectful rule changes ever attempted as this ruling attempts to hide purchases instead of being transparent, which is one reason why our market is the strongest in the world. I cannot believe this would even be discussed between men and women who call themselves professional as you are actively encouraging pump and dumps, which are illegal.If this ruling is passed, it would easily allow big buyers to pump a stock up without having to put out they have invested in it just to dump them on unsuspecting retail investors which will cause huge distrust in not only the market, but the SEC as well. If this ruling is passed, i can only assume members who are pusuing this endeavor have been illegally paid and bribed in order to ensure this ruling passes at an unfair disadvantage to retail investors. I sincerely hope this is a sick joke.