August 5, 2020
With the DIY'er (aka retail investor) investing market having grown to over 50M people, why is the SEC mmaking the markets LESS TRANSPARENT rather then more transparent to the DIY'er? Why is the DIY'er always left holding the bag?
Increasing the threshold to $3.5B hurts the DIY'er. There is now less transparency as to moves by institutions. And yes, it's great it reduces the SECs paperwork load, by which should that be such a drag in the first place? Why isn't automation the strategy and you change the rules from this ridiculous 45 day post quarter-end requirement to say monthly or even weekly? And allow the firms to just easily have their portfolio's holdings to be able to easily update at SEC? The DIY'er is always left holding the bag to what the institutional moves are being made. As a society we should be forcing those same institutions into a greater transparency, not less.
Please do not implement. And instead, create the right strategy. I'd be happy to help even advise on that if you need.
Regards,
Shelley Gould
-a concerned private citizen investor