July 10, 2020
I strongly disagree with the proposed changes to 13F filings, which will lead to significantly lower transparency to the general public. A firm with $500M or more in assets is sizable enough to merit reporting, and the burden due unto them has been exaggerated for political purposes. I say this as someone familiar with the individuals who have to prepare and pay for these filings. Moreover, in a time where the average American is more disconnected for the wealth centers of our country, I find any motion to reduce transparency to be offensive to hardworking backbone of our economy (which often lacks access to these centers of wealth).
I am submitting this comment as a private citizen with regard only to my own views and implications to my private life.