Subject: File No. S7-08-20
From: Simon Hensen

July 18, 2020

This new rule should not be approved by the SEC. It would allow for greater market manipulation from hedge funds, and disinterest retail traders from investing in the stock market in the long run. As was shown after the crash in March, a huge influx of retail traders greatly benefited the recovery of the market which is why this new rule should not be passed.