July 27, 2020
This new rule proposal will decrease transparency and allow the majority of institutional investors to hide their buy/sell actions from the public and the SEC allowing them to avoid scrutiny and possible insider trading and potential lawsuits. THINK MODERNA. This new proposal would allow all but the super large investors to engage in buy/sell actions behind the scenes contrary to what they are telling the public or their clients. THINK "PUMP and DUMP". The SEC is required to make rule proposals that are beneficial for ALL investors, big and small. This rule would put small individual investors at a significant disadvantage and also prevent the SEC from insuring a fair playing field for all investors. THIS RULING MAKES NO SENSE.