July 16, 2020
SEC,
Smaller investors need more clarity and transparency from fund managers, not less. There is a stratospheric leap between $100M and $3.5B and this sort of transactions need to be reported. It is already almost impossible to see block trading in real time without a delay. This is only going to increase the edge large firms have over the layman.
Please see fit as to NOT pass this proposal and leave reporting requirements at the 100M threshold.
Thank you,
J. Scott