Subject: File No. S7-08-20
From: Emmanuel Ombwayo
Affiliation: Engineer-in-Training

July 14, 2020

This will absolutely and unequivocally deteriorate transparency in an area where public opinion is at an all-time low. The serious reduction in transparency and available data cannot be justified by simpler processing, and in fact may result in far worse consequences for the public, investors, and other market participants.