Subject: File No. S7-08-20
From: Remi Lee

July 17, 2020

I am not in support of this rule change. Out of the 5,200 13-F filers last quarter, only 594 had over $3.5B in assets. This is a huge decrease in transparency. Please reconsider. It is not that much of a burden for investment firms with over $100M AUM to file this paperwork.