July 23, 2020
The proposed decision regarding reporting minimums will hurt market transparency, and disproportionately benefit a select few market participants. This decision would go against the first two listed missions of the SEC:
1. Protect investors
2. Maintain fair, orderly, and efficient markets
In no way does this decision protect investors, but instead hurts individual investors by restricting their access to information. This hinders investors both in their ability to make investment decisions, as well as prevents them the opportunity to study and learn from professional money managers by seeing what they do.
Likewise, this decision makes markets less transparent, leading to greater market inefficiency.
In no way does this decision follow the stated mission of the SEC, and I am strongly against its adoption.