July 22, 2020
As an retail investor, I manage my retirement portfolio. Transparency of the financial markets is key to successful investment. This proposed rule is a bad proposal as it will reduce that transparency. This is going in the wrong direction. I understand there might be a need to increase it, but going from 100 million to 3.5 billion is a giant leap. It sounds to me like another special give away for the wealthy and rich. I guess this doesnt surprise me under the Trump administration.
If the SEC really wants to help, how about reporting short positions every quarter.