July 14, 2020
I strongly object to 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.
Given the SEC's emphasis on a level fair playing field, this rule change makes no sense.
The justification for the rule change is highly questionable. Smaller Managers have stated unanimously that this proposed change would save them very little if any time and money, as the process to report is higher automated and easily completed.
We need more transparency in seeing what money managers do, not less.