SEC Commissioner Peirce deplores expansion of Form PF reporting

"Even a partial list of the additional data we will now collect with these revisions is dizzying . As one commenter put it, 'the Commissions appear to believe that monitoring for systemic risk and protecting investors may only be conducted by having access to every piece of fund-related data.' A systemic risk regulator does not need to know everything about every entity. Boundless curiosity is wonderful in a small child; it is a less attractive trait in regulatory agencies."