Subject: File No. S7-08-20
From: Luke Swanson

July 14, 2020

I am wholly against the proposed change to Form 13F. When has less transparency been a good idea? This change would dramatically reduce the number of filers. Form 13F was created for transparency on Wall Street. So far it has helped provide a more level playing field. Raising the threshold and therefore reducing the number of filers goes against that notion.

This change would also limit the available research moving forward. This would be taking away knowledge from current, and future investors. Nothing about the proposed change sounds like it will help level the playing field.