July 14, 2020
1) Raising the reporting threshold to such a high number will severely limit future academic research on markets, investing and securities.
2) Raising the reporting threshold to such a high number will reduce public companies' opportunity to know more about their shareholders.
3) Less transparency and less data is NOT a good thing for the small investor.
4) Some investors may want to avoid over-owned stocks, believing they have a high level of risk. This rule change greatly reduces individual investors ability to reduce their risk.