Subject: File No. S7-08-20
From: Bill Zedno, JR
Affiliation: none

July 14, 2020

this proposal is ridiculous.
This proposal would change the AUM threshold that investment managers must meet every quarter from $100 million to $3.5 billion To put it in perspective, for the most recent quarter, that would reduce the number of funds that disclosed their holdings to the public from 5,283 to 549 or almost 90% of all filers