Subject: File No. S7-08-20
From: Thomas J Schott

July 16, 2020

I reject this proposal.

This proposal is objectively targeting the small market-cap sector abstaining them from reporting earnings. This greatly affects the rise of the "at home trader". At least try and hide the transfer of wealth from the Feds to the government to business to retail to the market to the business to the banks back to the government. 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. Find another way to counter the "Robinhood effect".

I reject this proposal.