Subject: File No. S7-08-20
From: Glenn C Griffin, Griffin
Affiliation: Investment Analyst

July 14, 2020

This rule is not a good idea at all. Market transparency is a good thing and the added cost for an investment firm of filing holdings with the SEC is close to $0. The majority of money managers have portfolio turnover rates exceeding 100% annually so reporting quarterly holdings should not be a burden at all. Given that the costs involved with filing holdings is negligible, ending the reporting is a bad idea.