July 23, 2020
Amendment to 13f of Securities Acts Amendments of 1975 (1975 Amendments)
Please DO NOT change Sect 13F of Securities Acts Amendments of 1975 (1975 Amendments).
The proposed changes to not help the Investors of the US.
"Accounting for inflation, $100 million in assets would be worth $400 million in todays standards," according to Jim Cramer of CNBC.
Instead, they want to adjust for the 35-fold increase in the size of the stock market, which is where they get that absurd $3.5 billion number. Thats some real intellectual acrobatics," Mr. Cramer says.
The change is one-sided and makes it harder for the small investor to understand individual stocks and the market. The SEC should make the market more Transparent not less. This rule change is bad for the market and the US Economy.
Again, I DO NOT support the rule change of to Sect 13F of Securities Acts Amendments of 1975 (1975 Amendments).