August 2, 2020
The proposed rule change seems odd. The SEC previously indicated more transparency and greater access to information was beneficial to individual investors.
However, this proposed rule cloaks information on the vast majority of companies in the market by excluding smaller investors from access to information that indicates trends and momentum in the market direction of thousands of companies.
This appears to be a classic case of the Government choosing sides by deciding who succeeds and who fails by giving biassed access to information, effectively supporting the rich get richer and the poor are left scrambling for crumbs them that is so prevalent in Government today.