July 28, 2020
This proposal will reduce available data on investments and transparency will become nonexistent.
When Congress first adopted Section 13(f) it did so to ...stimulate a higher degree of confidence among all investors in the integrity of the US securities markets.
Taking this data away will have the opposite effect. Transparency is what gives investors confidence in US markets. And since what has come to past this year and its effects on the market, this is an unacceptable risk.
To invest with confidence we need to be supplied with information. Otherwise it is simply money down the drain.