July 11, 2020
It is a terrible idea to raise the 13F reporting requirement threshold 35-fold. What are you guys thinking? We need MORE transparency of all financial sector companies involved with publicly traded companies - NOT LESS. I can guess which companies are pushing for the rule change. The bigger question is why does the SEC continue to do the bidding of large corporations and institutional investors at the expensive of private citizens and investors?
Such a proposal supports the narrative that the SEC is more interested in appeasing Wall St. and Hedge Funds than retail investors such as myself. SEC should be increasing oversight and enforce rules to prevent daily manipulation of stock markets. Why not change the "uptick rule" into a rule that actually prevents some of the manipulation? SEC continues to show their primary function is to facilitate unfair trade practices instead of providing a level playing field for all investors.