Subject: S7-08-20
From: Tom Johnson
Affiliation:

Sep. 28, 2020

Dear SEC: 


I implore you to leave the threshold for reporting exactly as it presently stands and not to increase it at all. 


We must preserve the criterion that investment managers with holdings of US securities totaling $100 million or more be required to file a 13F each quarter. 


Your agency is accountable to America's citizens. 


Transparency and disclosure is essential to maintain trust and to inform the public. 


To interfere with that obligation is to give cover and advantage to those people or entities with massive wealth. 


Thank you. 


Tom Johnson, PhD