July 28, 2020
I am very upset to heart that the reporting threshhold is to be raised from $100 Million to $3.5 billion. I am an avid investor, with over $3M in personal funds invested in stocks, ETFs, bonds and alternative assets. I use 13F information all the time when analyzing stocks. I research who is buying and selling what I'm interested in. There are several money managers who I track. If they are starting a new position in a stock, it is often worth taking a good look at. This is another in a long list of recent actions that decrease transparency and reduce both the Commission's and the public's access to information about our markets. I do not know of any investors who are supportive of this. This smells of undue influence by lobbyists, the kind for which the SEC should stand against. Stand up for what is right and do not raise the reporting requirements. Average investors need the SEC support on this now, more than ever