Subject: File No. S7-08-20
From: John F Blawie, Jr
Affiliation: Retail Trader

July 14, 2020

Raising the reporting threshold to such a high number will severely limit future academic research on markets, investing and securities.
Raising the reporting threshold to such a high number will reduce public companies' opportunity to know more about who their shareholders are.
Government entities like the SEC should be promoting transparency for all investors, not less. Thank you.