Subject: File No. S7-08-20
From: Scott Ciley

July 14, 2020

Limiting the number of 13F reporters limits the kind of necessary visibility that has been the hallmark for US investment and worldwide investors.
This drop in transparent accountability limits investors and stakeholders from information that is necessarily crucial in making investment decisions.
Just look at the last 5 months if there is any doubt. The changing landscape has made transparency as important as ever.
this would be like a general planning on the safety of their troops without any available information on where the enemy and the landmines are.
please do not make this move. It is what Americans and the world expect in the way America does business.