Subject: File No. S7-08-20
From: Patrick Corcoran

July 15, 2020

I severely oppose this rule change.

I believe the justification is poor. I believe opacity fuels fraudulent practice within the marketplace. It will encourage sheltering strategies that make identifying market breaking stakes nearly impossible.

I support all points opposing this rule change already expressed by commissioner Allison Herren Lee: https://www.sec.gov/news/public-statement/lee-13f-reporting-2020-07-10?__s=cvwgmhfkxsnsnrbvs6py

Overall, this proposal is ridiculous. Stop trying to fleece the American public.