July 16, 2020
This proposal has two sides to it, and what you arent seeing is that both are bad. With the lessening of transparency, there are going to be less investors entering the market. This is because they will have no idea what to bet on, because it WILL be a casino. With less investors who most of already have no clue what they are doing, there will be less people losing their money for the big investors to take advantage of. Although you may think this is opening up an opportunity to steal money from the massive increase in new investors, know that they are going to lose money anyways. And for the ones that do their DD with the transparency that is available today, they will quit investing by a large margin. Most of these guys who do the research still lose money, which leaves more for the big guys. So doing this will lessen the amount of money that is lost in the market for others to attain for a larger profit. I know you guys do not care about the small investor, but think about what will happen as more people find out about what this is going to do. There will be an extreme decrease in the number of new investors as time goes on, and this is going to leave you guys with less money to gain.
Please consider my thoughts, thank you for reading.