July 30, 2020
This rule proposal does not increase transparency for the average investor. Surely with 100 million in assets to invest the cost to file the form is not an issue. At a time when many average people have invested their retirement, college fund for children and meager savings in stocks, you now want to make it even more difficult to not lose money. The average person is not a day trader or swing trader and as a result we need as much information as possible. Instead of increasing the threshold of 100 million it should be reduced to $50 million. We, the average investor needs more information and not less.
Thank you.