Subject: File No. S7-08-20
From: Nicole Lapierre

July 16, 2020

Hello,

I am a beginner trader in the market, and I have had my fair share of ups and downs. The stock market is a really useful tool for the majority of people which allows them to have an opportunity to grow their capital. I recently found out the purpose of the SEC, and why some transactions need to be disclosed to the public. I have read the requested proposals and I find them completely unfair for small traders and even wealthy traders as well. But dont take my word for it, take the thousands of peoples voices to understand how it affects us. Since my opinion is the only thing I can bring here, I hope as more traders voice out their disgust about the same issue it ends up resonating more and more.

Bests,

NL