Subject: File No. S7-08-20
From: John McLaughlin

July 19, 2020

I oppose the new rule change. Pasted from https://www.sec.gov/divisions/investment/13ffaq.htm

"Congress passed Section 13(f) of the Securities Exchange Act in 1975 in order to increase the public availability of information regarding the securities holdings of institutional investors. See Section 13(f) of the Securities Exchange Act. Congress believed that this institutional disclosure program would increase investor confidence in the integrity of the United States securities markets."

Now it is not just institutional investors, but everyone.