Aug. 17, 2020
CAUTION: This email originated from outside of the organization. Do not click links or open attachments unless you recognize the sender and know the content is safe. Please consider my following comment on the proposed rule change for 13f release. The proposed rules are anti-competition, anti-free market, and anti-transparency. The current rules are plenty enough to allow hedge funds to get a 6 week start on new investments. Allowing hedge funds under 3.5 billion to hide Their investments (by not releasing them) would close transparency for the markets, and for individual investors. Individual investors are certainly not a threat to the potential profits of hedge funds, as they account for an enormously low amount of investment dollars in the US investment market. The only real threat to hedge funds is the ability of investors to purchase cheap and efficient ETF’s. Hedge funds will always have an edge given their teams of analysts and data crunchers. Cutting out transparency will only hurt the “little guys”. Thank you for considering my comments. Charles Eckhart Sent from my iPhone