July 17, 2020
if the SEC allows this to go through it would be a true middle finger to investors. When has having more information hurt the everyday investors and traders? By allowing this to go through, the Security and Exchange Commission is taking a step in the wrong direction which could lead to more rule changes further stripping away vital information that investors use in ensuring safe investments. Is this a necessary and pressing issue at the moment? Because right now the SEC should be worried about retail investors who are losing thousands everyday and by stripping them of information on institutional investor holdings will only make the losses worse. Put in rules and regulations that protect traders, that is the goal of the SEC and this rule change strays far from that goal.