Subject: File No. S7-08-20
From: John Mason

July 14, 2020

I strongly oppose the raising of the SEC reporting threshold to $3.5B. This would decrease transparency for investors and hurt small investors who look to large investors for perspective. Why is the SEC trying to do this? I can think of no reason but influence by the very large investors the SEC is meant to regulate.

This will only further the inequities inherent in our society by removing valuable information access to smaller investors.