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Correspondence

Email from a private individual criticizing an SEC Form 13F rule change proposal

A private individual emails recipients arguing an SEC proposal to amend Form 13F reduces transparency and benefits certain investment firms.Machine-written summary

EFTA00095622

From: Chris Dilorio <

Sent: Monday, July 13, 2020 10:50 AM

Subject: Fw: Formal appeal for preliminary denial covered action 2015-016/ Knight Capital TCR & Appendix

Janey, Hoecker, Jay et al still MORE SEC attempts to cover up illegal activity at the expense of the public it is mandated to protect.The SEC latest Rule change proposal https://www.sec.gov/news/press-release/2020-152

SEC.gov | SEC Proposes Amendments to Update Form 13F for Institutional Investment Managers; Amend Reporting Threshold to Reflect Today’s Equities Markets

The Securities and Exchange Commission today announced that it has proposed to amend Form 13F to update the reporting threshold for institutional investment managers and make other targeted changes.

www.sec.gov

Will exempt 90% of current 13F filers from future equity holdings disclosures.

WHO does that benefit? Certainly not the public the SEC is mandated to protect. LESS transparency still for the likes of Keener,Sason,Asher/Kramer,IBC,Ironridge/Coulston,Alpha,Dutchess,Crede, etc etc etc

Costs to file: pocket change

https://www.netacn.com/Service.aspx?id=dLfmwmZHCkOsIL-sP3V8Dw