Subject: File No. S7-08-20
From: John Nichols
Affiliation: CPA CFA small biz owner

July 22, 2020

I find it outrageous that the SEC would propose such an action regarding 13f filings. How dare you consider reducing transparency in a time of absolute false Prosperity engendered by the Federal Reserve. Entire purpose of the SEC is to provide for a transparent cover over the financial markets and for you to even consider reducing transparency in any area is outrageous. I personally believe that just for proposing this the SEC should be shut down. I think it's time institutions that have been in effect for many many many years rethink their strategy and whether or not they are useful to those that they serve and I want to remind you that you serve me not yourselves. Shame on all of you who worked behind the scenes to bring this to light and shame triple on those of you who support it. Many hats off to any of you who oppose it. I'm very angry in this country right now where we have a growing divide between haves and have-nots and those in power and those with no power it seems to me like you're leaning one way here. Shame on you people.