Subject: File No. S7-08-20
From: Kyle S Nelson

July 16, 2020

The SEC should not be taking such a drastic step to reduce transparency. The purpose of section 13(f), as Congress describes, is to "stimulate a higher degree of confidence among all investors in the integrity of (the US) securities markets." This change would be in blatant disregard for that intent. If anything, the reporting threshold should be lowered.