September 28, 2020
I oppose the proposed change for the following reasons:
(1) Transparency is a critical element in protecting the rights of investors. This proposal would if enacted severely limit information available to investors and therefore reduces investor transparency.
(2) Cost savings to the US public are negligible when weighed against the extent of loss of highly important information regarding corporate ownership. This is no good way to save money.
If some limit on hedge fund reporting has to be imposed, then I would recommend restricting it to those firms which constitute the bottom 20% of all hedge fund investments.
Thanks you for considering these comments.
Respectfully,
John Adams