July 14, 2020
Changing reporting threshold requirements will invite fraud. The SEC should act in the best interest of investors - not wealthy lobbyists for the hedge fund industry. In fact, the SEC should lower reporting thresholds. During such market turbulence, changing reporting rules is a terrible idea. The SEC will be held accountable if the rule is adopted and small investors will be victims to fraudulent activity because of it. Please consider these issues while making a final decision on this matter.
Best Regards,
Robert