Subject: File No. S7-08-20
From: Carter Gibson

July 14, 2020

To whom it may concern,

I am writing to voice my opposition to the proposal to drastically increase the reporting threshold for 13F filings. Fund ownership disclosure is critical information to ensure shareholder needs and concerns are understood and met. Eliminating the reporting requirements for the vast majority of funds would greatly hinder the transparency needed to address these concerns and ensure all shareholders have an appropriate voice. Increasing transparency in financial markets has been a hallmark of successful oversight and regulation and this proposal would move in the opposite direction.

Yours Sincerely