Subject: File No. S7-08-20
From: Kerry Jones

July 14, 2020

Hello,

This proposal, if enacted, will greatly blind the common investor, educators, the SEC and many others to what many of these investors are doing. In addition, the public companies don't know, necessarily, who their shareholders are.

This will further the gap between the extremely wealthy and those trying to 'make it'. Less transparency and less data is clearly an advantage only to those fund managers who now have greater privacy.

The market will largely become a black hole as we do not know where money is coming from. This obfuscates 90% of all filers.

Please do not pass this motion and keep transparency where it's at.