Subject: 13F proposal.
From: Jim Toney
Affiliation:

Jul. 19, 2020

I am writing regarding the proposal to increase the requirement for the reporting threshold by institutional investors. 
Increasing this is ludicrous. Institutional investors already have an upper hand to potential manipulate a stocks price drastically. This proposal would give an even greater upper hand to institutional investors which is why I am opposed to the change. 


Sincerely, 
James Toney