July 27, 2020
Regarding "Reporting Threshold for Institutional Investment Managers, File No: S7-08-20," I vehemently object to this potential regulation. Instead of transparency -- your alleged goal concerning financial and investing functions -- this proposal would further obfuscation. Many investors, advisers, money managers, and the like, get valuable information with which to make investment decisions and to advise clients from 13F data. By increasing the threshold for the institutions which must file from $100M to $3.5B, 90 percent of those who currently file will no longer have to. A loss of that magnitude of valuable information would be extremely significant. It is difficult to discern what possible intelligence might have motivated such deprivation.