Subject: File No. S7-08-20
From: Jeffrey Koziol, M.D.

July 14, 2020

I strongly object to the proposed rule change. Our markets work because they are transparent. As an individual investor I am reassured that I can have access to a delayed accounting of the transactions of institutional investment managers. I think it actually keeps capital in the markets when there is a
lot of volatility . This is good for the economy and small business.
All financial records are electronic so this takes very little time or effort to generate the reports