July 17, 2020
The SEC works for to protect American people not corporations, who only care about profits. The lack of transparency in re: S7-08-20 proposal promotes systemic opacity that will be harmful to the overall investment sphere, the effects of which may stymie investor confidence in small-cap companies, which may hurt the overall business environment in the US, incentivizing investors to take less risk on such companies.
To the contrary of S7-08-20, the SEC should promote further transparency and disclosure in order to bolster investor confidence and protect investors from unscrupulous monetary strategies.