Jul. 22, 2020
The proposed rule change to raise the reporting thresholds for institutional investment managers diminishes transparency. How does this help consumers? We are not protecting nuclear secrets. It is also good to know who owns what. It is hard enough as a buyer trying to beware without government sanctioned blindfolds making the key to wealth harder to grasp. Inflation would change $100 million to $400 million. At least that would be a consistency of value. Or coincidentally how much the President got from his father without paying taxes. Couldn’t resist. Basically, stop protecting the wealthy from those trying to become well-to-do. Glenn Englander Sent from my iPhone