July 16, 2020
The proposed amendment for Reporting Threshold for Institutional Investment Managers is a shameless power grab that leaves non-institutional investors at a disadvantage.
Institutional Investors share information within their professional networks, and by raising the reporting threshold, material information that affects the wider public marketplace becomes privileged, where it had not been for the preceding forty-five years.
The overall burden of reporting the current threshold by Institutional Investors is negligible in light of already disproportionate resources at their disposal, and this only widens that resource gap.
Rather than raising the threshold, the amount reported should be lowered to fifty-million dollars in the interests of democratizing the marketplace. We may be an oligarchy, but at least we can pretend we are not.