Subject: File No. S7-08-20
From: Irina Tee

July 14, 2020

I am shocked to see that the SEC is considering to raise the required reporting threshold for 13F filings. This seems contradictory of what SEC should be doing to create a fair playing field. If this passes there will be less transparency in the market. The SEC should be pushing for more disclosure not less. This proposition would hurt the small investor like myself and I oppose this change.