Aug. 08, 2020
Dear SEC, I am a private person. My primary retirement savings consists of my IRA account. I rely on 13F filings to manage my investments. I have learned that you are considering raising the AUM threshold for reporting from its current level of 100 million to 3.5 billion. https://www.sec.gov/rules/proposed/2020/34-89290.pdf I understand that this would mean that approximately 90% of current 13F filers would no longer have to file. This would massively reduce the market transparency I rely on to enable me to fund my pension. Commissioner Allison Herren Lee understands the needs and mission of the SEC much better than I do. I refer you to her comments on the matter, https://www.sec.gov/news/public-statement/lee-13f-reporting-2020-07-10 noting that she clearly does not support the proposed change, citing numerous points where the proposal goes against established SEC regulations, norms, principles, and your core mission. Kind regards, +glenn -- ----------------- Glenn Lawyer