July 27, 2020
This rule change will eliminate transparency of information in the market and remove visibility for the small investor.
Under the current filing requirements, it's my understanding that over 5,000 institutions filed 13F forms for Q1-2020, while under the new rule as proposed, this number would have been reduced by almost 90% to something around 550.
How is less information better for the small investor?
Respectfully,
John Hearn