Subject: File No. S7-08-20
From: Michael Chambers
Affiliation: Investment Manager at Family Office

July 14, 2020

I do not support this proposal for several reasons:

Professional managers have access to company management/information that small investors don't. Given the SEC's emphasis on a level fair playing field, this rule change makes no sense.
The justification for the rule change is also highly questionable.
When is less transparency and less data ever a good thing for the small investor?