November 1, 2020
I am opposed to this regulation change.
Please dont changes the 13f filings rule because it is one of the few ways that small investors can reduce the cost and time of researching stocks and evaluating professional portfolios. Its so helpful to have this information and changing the rule simply advantages the wealthier classes thereby increasing the class divide even further.
If the SEC hopes to really continues to boost the economy, the best way to do that is to continue to provide the middle class opportunities for making money in the stock market. Knowing that bigger investors are buying specific stocks of interest is a so helpful, because it's an indication of valuable and trusted companies. Information about the price, the percentage of an investors portfolio, and the price the stock was purchased at is so helpful in deciding if a particular company merits my purchase at this time for this price.
Increasing the minimum to $3.5 billion will eliminate most of the professional investors from filing. The pros already limit the amount they invest in order to invest unnoticed. We need more disclosures instead of fewer disclosures. Please keep the 13F Rule- Respectfully Jaculine J Mitchell