Subject: File No. S7-08-20
From: Aaron Koral

July 14, 2020

Hi there. I'd like to submit my opinion on the proposed rule to change the reporting requirements for institutional investment managers using form 13f. A benefit of 13f filings is having the ability to understand a fund manager's strategy when investing in publicly traded equities or other assets. Having the transparency of investment strategies employed by investment managers will lead to a lower likelihood of potential fraud to the investors in those funds. I hope the SEC will reconsider this rule change in light of protecting investor interests at the mercies of investment managers who wish to shroud their investing strategies in secret to protect themselves from public scrutiny and evaluation. Thank you