Subject: File No. S7-08-20
From: Madison D DeNucci
Affiliation: Engineer and investor

July 16, 2020

This proposal is a cheat rule aimed at killing the rise of at-home traders or retail investors. Bloated investment managers can't keep up, so they take their millions of dollars to lobby you to rig the game in their favor. Keep the markets fair and transparent. Reject this proposal. The reasons for change are weak and would CLEARLY benefit the larger players with a direct detriment to the smaller players.