July 22, 2020
I think this rule will reduce the transparency of what happens in the market. Make the market more dangerous with investors like me who invest individually.
I do not see the problem with someone who has 100M in management from reporting every 4 months. It helps people understand what is happening and helps us understand the market.
SEC's job is to make the market more transparent and honest. This means strong and effective oversight. This rule has been in place for 40 years and I do not see any evidence of any harm being done.
If you want to account for inflation and the change in market capitalization than my suggestion is to go to 400K and not 3.5B. This is crazy. I just do not see anything good about it.
PLESE REVERSE IT. THIS IS NOT A GOOD THING FOR OUR COUNTRY.