July 19, 2020
The proposed rule change would be a loss for all of us - it would enable more corruption and opaqueness. You should be pushing for more disclosure and transparency and not rolling back existing rules. This will hurt small trades/investors and provides little to no benefit or savings. Raising the reporting threshold to such a high number will reduce public companies' opportunity to know more about who their shareholders are. When is less transparency and less data ever a good thing for the small investor. And, it could grossly impact the future - some investors may want to avoid over-owned stocks, believing they have a high level of risk. This rule change greatly reduces individual investors ability to reduce their risk. Please do not move forward on this proposal.