July 15, 2020
Raising the reporting threshold to such a high number will reduce public companies' opportunity to know more about who their shareholders are. Additionally, this reduction in transparency would widen the advantage that large money managers have on their smaller counterparts, leading to an erosion in public confidence in the general fairness of the financial markets. If the SEC values the well being of public companies, the majority of investors, or the financial market as a whole, it should disallow the proposed increase in reporting threshold.