July 27, 2020
I can not see the logic nor regulatory purpose of eliminating thousands of financial institutions from having to report Form 13F transactions and holdings. It does not help the ordinary investor in making investment decisions, but rather makes it more difficult and creates just another barrier to having a level playing field when investing in the securities markets.
The SEC is supposed to regulate and be a watch dog for any fraud or shady stock market activities, of which the 13F filings are a great step towards transparency and policing. However, to eliminate thousands of institutions from mandatory reporting is to create an atmosphere of allowing insider trading and backroom dealings.
If anything, shorten the mandatory reporting time period from quarterly to monthly. That would really enhance transparency.
Mr. C.D. Lamberti