Subject: File No. S7-08-20
From: David Goodyear
Affiliation: Engineer/Individual Investor

July 22, 2020

I want to register my opposition to this Rule change. The control of the markets today through programmed trading, arbitrage and derivatives places the individual investor at enough disadvantage as it is. The time delay in reporting does not disadvantage fund managers in terms of market position, and I find the justification for the rule change to be unfounded for millionaire fund managers given the significant compromise of transparency that would result from the Rule change.