July 11, 2020
The proposed rule undermine the transparency of information available to the retail investors. Already crucial information has been put behind high pay walls like Bloomberg Terminal which cost $24000 per year.
One could argue that all important information is available on the internet, but it is in such scattered format, making it effectively unaccessible to the retail investors.
Present threshold at least provide a peek into the hedge fund industry and is an important information to understand the current situation of the market and future expectation of the markets.