Sep. 30, 2020
Comments on the proposal: I think without any doubt that this proposal will be a long-term disaster. Transparency within the market will be reduced and it will be very difficult to see how shareholders/funds/management are buying and selling. These forms cost very little to complete but provide a ton of information to the public, primarily people in the top 1% or funds that could have a major impact on stock prices. Worst of all, this proposal goes against the stated SEC mission. With the stated mission of "The mission of the SEC is to protect investors; maintain fair, orderly, and efficient markets; and facilitate capital formation. The SEC strives to promote a market environment that is worthy of the public's trust." There is no way this proposal is in alignment with that mission. This proposal just shows how much the SEC is in bed with hedge funds and other prominent investors. It no longer protects smaller investors, academics, or the public. Reject this proposal! Brad Hight