July 12, 2020
I strongly oppose implementation of this proposed rule known as S7-08-20, Reporting Threshold for Institutional Investment Managers.
The current reporting thresholds are in place for valid reasons and should remain in place for the same reasons they were adopted. The current thresholds benefit the function of the markets and are no burden to reporting agents in the digital age.
I urge the SEC to reconsider and keep the thresholds as currently implemented.