July 23, 2020
This is obviously bad for everyone that has less than 3.5 billion in assets. Money managers with 3.4 billion in assets will be allowed to hide their positions because they no longer need to have quarterly reports. These reports offer a wealth of information that is key for the home gamers to compete in the stock market. If this ruling passes, these money managers will be able to shovel their positons to the rest of the public and help keep the rich at the top.