July 23, 2020
The Proposed Rule change allowing Hedge Funds reporting relief, if they are less than $3.0 Billion in size, is foolish and detrimental to investor transparency. There is no legitimate purpose to raising the reporting size levels almost ten fold. The lack of transparency in hedge funds is infamous and detrimental to investor awareness of fees and activities within a given Fund and this will only make matters worse.
As an investor and a former Series 7 Broker, I speak from years of experience, this Proposed Rule is a bad idea and should not be promulgated. I will be notifying my Congressperson and Senators of my objection and hope they will support denying implementation of this policy.