July 22, 2020
The threshold that is being used is being proposed is way off.
3.5 Billion is not a small sized company.
Who is in the pockets of the large money managers???
Threshold should be 400 Million which is adjusted for inflation from 1978.
SEC should be fighting for more transparency not to hide what large companies are doing that could impact the small investor.
Either reduce the upper threshold or withdraw this proposed regulation update. This should be taken back tomorrow.
Concerned Citizen.