July 28, 2020
To Whom It May Concern,
This proposal seems to lessen "transparency," not increase it. This proposal would eliminate a very valuable (indispensable?) source of information for average investors. Why does the SEC want to make it more difficult for average investors to know how large institutions are investing?
In the first quarter of 2020, 5,293 institutions filed 13Fs. Under the new proposal, that number would have dropped to 549. How does such a proposal help to level the playing field for the average investor. Obviously, it does just the opposite. It is a shame that this proposal has even been allowed to be put to a vote when it is so obviously against the best interests of most investors.
Regards,
Timothy Jones