Subject: File No. S7-08-20
From: Eric Hale
Affiliation: Investing Education Instructor

July 14, 2020

I work for an organization that educates thousands of retail traders. This information (13F) is critical to our due diligence.

I oppose the raising of the reporting threshold. This change would effectively absolve large traders of accountability and remove important clarity.

Raising this level would harm individual investors by making the market more opaque.

I would propose that the SEC lower the threshold on 13F filings. Not raise it

Thank you for your consideration..