July 14, 2020
Raising the reporting threshold to such a high number will severely limit future academic research on markets, investing and securities. More than anything else, though, the cost savings will be a fraction of the Commission's estimates. Talk to any fund manager who files 13-Fs and they will tell you that the process is highly automated and far from costly.
Essentially, the benefits of the current reporting standards for form 13-F greatly exceed the costs borne by investors. When is less transparency and less data ever a good thing for the small investor?