October 25, 2019
Dear Sir or Madam, I am writing to express sincere and strong opposition to this proposed rule change. While it is absolutely important that all investors have access to information about companies they may choose to buy, prohibiting brokers from allowing trading in companies without recent SEC filings will will simply transfer more power from retail investors to often corrupt management of small OTC companies. I actively trade in low-information and no-information companies, and both enjoy it and find it no less risky overall than the overall market (though certainly requiring more due dilligence). Low information companies are the last place a retail investor can truly, if they put in the work, have an edge. Don't destroy this and make retail investors beholden to big asset managers. Sincerely, James Gibson -james