July 28, 2020
Dear SEC Members:
I believe the proposed new 13F data Rule will hurt small investors.
Knowing and see 13F filings at or above $100 million provides useful information for individual investors. While Warren Buffet and the like will still need to disclose, the vast majority of other very large investors would not.
Knowing if institutions are collectively buying or selling certain stocks is important information. It is useful to know what companies are doing and to know who their shareholders. It clearly increases transparency in the market. It is important for all money managers to know and to share this data in analyzing stocks - more information is better.
Steve White