Subject: File No. S7-08-20
From: Austin V Kelly

July 15, 2020

I am both a professional money manager and an individual investor. I find the 13-f filing very useful for my research and profession. If the threshold for reporting were raised significantly, I would lose access to valuable information. I feel that these comments represent a large portion of investors who use 13-f filings to enhance their investment research.

Sincerely,

Austin Kelly