Subject: File No. S7-08-20
From: Jannathan Koh

July 16, 2020

Please do not allow the large investment firms to bully us little investors. We are small and want to participate in active investing. Allowing this change would crash any chance of allowing any investment to grow over time due to the manipulation of stocks by big firms. This would only reduce our already small footprint within the stock market and drive out the small investor. This would drive liquidity away from the market and hurt the overall performance of all stocks.