July 30, 2020
Given the SECs emphasis on a level fair playing field, this rule change makes no sense.
In the first quarter of 2020, 5,293 institutions filed 13Fs. Under the new proposal, that number would have dropped to 549.
As Allison Herren Lee stated, This proposal joins a long list of recent actions that decrease transparency and reduce both the Commissions and the publics access to information about our markets.
Please do not pass this proposal as a new rule. It limits public access to market information and decreases transparency.