August 8, 2020
Hello.
I use 13F filings to better manage my retirement savings. My main focus is small-cap stocks.
Many of these companies are too small to meet the investment requirements of firms with 3.5B under management. Institutional investment is instead from smaller money managers.
Your proposed rule change would mean that I lose all insight into the important actions of the professional investors who control $2.3 trillion in assets, and the rule change focuses especially on those most important to my retirement.
I ask you to reconsider the proposal, in light of your mission to increase market transparency, and in light of the advice of the National Investor Relations Institute.
Sincerely