July 28, 2020
Please accept my comment here as an opposition to the proposed rule. I find that doing away with the full transparency and disclosures of transactions based on the amount of assets under management to be harmful to individual investors. It appears to be an attempt to allow those institutions who are below the waterline to secretly conduct business without accounting for it. What is to prevent any institutional money manager from setting up separate entities wherein they could move assets under management below the $100 million threshold to avoid any transparent reporting? I feel this proposed rule is a bad one and should be tossed. The SEC must allow the individual investor to have the same access to information that institutions have access to and act upon. Without that knowledge the odds are grossly stacked against the individual investor. Fairness is completely ignored.
Thank you...