July 27, 2020
Why would the SEC reduce 90% of the 13F filings? Letting the professionals get away with more without having to tell anyone what they are doing? If anything the SEC should be lowering the limit to $50 or $10 million.
You already let the professionals steal our data (which is illegal, but you let them do it anyway) and trade in 100's of a cent (which would be fine if everyone was allowed to do it). They get to trade off the exchanges without having to report what they are doing. You have stacked the deck for the professionals. This rule would just increase the advantages the SEC allows them.
'Power to the Professionals' says the SEC