July 20, 2020
This doesn't seem like a rule that would benefit investors or the average person. It would certainly benefit the SEC by reducing their workload and it would benefit mega-rich hedge funds and activists. Shouldn't the SEC be more focused on protecting market integrity and investor confidence? In an age where transparency and disclosure are being enhanced all over the free world, why is our government aping the policies of places like china, russia and the middle east autocracies? It's very disturbing that only one person on the team thought this was a bad idea. Maybe it's time to change things up at the SEC?