Subject: File No. S7-08-20
From: Karl T Egeland

July 14, 2020

Many managers are known to talk amongst themselves, sharing information. 13-F filings help the small investor and level the playing field, as well as increasing transparency, leveling the playing field to some extent.

It is also beneficial for public companies to be able to know who their shareholders are.

All in all, these 13-F forms are critical for gathering data, increasing transparency, and leveling the playing field.

The 13-F filing threshold rule should remain unchanged.