July 27, 2020
I am against raising the threshold for 13F filings. Why would you want to restrict information that is currently made available to mom and pop investors? Less information is not good for stock market investors.
If these firms are saying it is too costly, then ask them how much it costs to file electronically? This type of information is created electronically and submitted. The cost to the reporting frim is negligible and the process is already in place.
I agree that for the most part that many regulatory requirements are a burden to firms. However in this instance I feel the information provided is valuable to investors and important to the health of the stock markets.
Thank you for doing the right thing and not approving this proposed change.