July 29, 2020
To whom it may concern in the SEC:
It has come to my attention that there is a proposed change to SEC regulations, Reporting Threshold for Institutional Investment Managers, File No: S7-08-20. After taking a look at the main provisions of this document it is difficult to ascertain how this will help me as an investor. In general it seems to make the market much less transparent rather than more transparent. Looking at the SEC website, one must wonder what the actual reason(s) for this change is(are). When one peruses the "What We Do" web page, https://www.sec.gov/Article/whatwedo.html , it seems to me that this new proposal is the apotheosis of what I am being told the SEC is in existence to accomplish.
Please reconsider this change and if anything pass some other needed changes to actually flatten the playing field and take away the advantage that the larger investors and investing institutions have over the rest of us.
Thank-you for taking the time to consider my thoughts.
Kind regards - Terry Appling