July 15, 2020
Rolling back 13F filing thresholds will greatly reduces retail investors ability to have a transparent picture of who the shareholders of a company are. Having windows into institutional buying activity is a great way to gauge an investment, and allowing institutions to report their holdings less frequently only benefits the big money managers and will do immense damage to the average retail investors confidence in US markets. Investors are confident in markets because of the transparency - rolling this back would be a mistake