August 12, 2020
the proposed change to increase the 13F requirements for hedge funds from $100M to 3.5B is a crazy increase. It shows the leverage that the hedge funds have on the SEC and how they want to keep all the money transactions private. For a retail investor we have neither the funds or influence to swing stock prices the way the hedge funds companies do. It is useful for me to know what they are invested in so I can understand who the large influencers are on a company. I understand that this requirement has not been adjusted since 1975 so increasing it some is reasonable. I would like to know why this doesnt follow an increase with inflation? The most that would make sense is $400M. It seems like this change in the rule is to once again, accommodate the big time hedge fund operator and mow over the small retail investor.
I try to see what the bigger funds are doing to see what they are trying to influence. They have more of the inside track on what is happening in the big picture. Just the other day I almost sold out of my Disney stock when I saw there was a big time buy by a hedge fund operator that disclosed their buy via their 13F. I stayed in and am happy I did
Please review this proposed change again, the increase proposed is absurd.