July 14, 2020
We believe S7-08-20 materially hurts retail investors, enabling the vast majority of managers to operate under a veil of secrecy from the public eye.
The justification for the rule change is highly questionable - the burden of filing a 13-F quarterly is insignificant relative to the value of the information to the public at large.
As a platform that aims to democratize investing for the masses, this strikes us as a big step backwards.