Subject: File No. S7-08-20
From: Eric W Escher

July 22, 2020

I am concerned about this rule and it's impact on the transparency of market movers and their positions in investments. The market, in it's current state, would hardly be currently considered transparent to investors, especially those without the tools and capabilities to understand the vast and dynamic nature of our system. As a regular onlooker, it appears that this rule is written to afford powerful investors more flexibility to manipulate markets without scrutiny. It is a travesty that the SEC is not only accepting, but promoting this kind of behavior against the interests of millions of Americans who facilitate and pay for the SEC to protect them from such market manipulations. If this bill is passed, it is a shame on the SEC and the values on which they were charged.