July 14, 2020
Hi, I disagree with this proposed change.
- Raising the reporting threshold to such a high number will severely limit future academic research on markets, investing and securities.
- Raising the reporting threshold to such a high number will reduce public companies' opportunity to know more about who their shareholders are.
- Many managers are known to talk among themselves, sharing ideas and information. They have access to company management that small investors don't. Given the SEC's emphasis on a level fair playing field, this rule change makes no sense.
- The proposed change would decrease transparency