Subject: File No. S7-08-20
From: Erik Lee, Lee
Affiliation: Engineer

July 23, 2020

DO NOT DO THIS. This will hurt all of the home gamers and people who are trying to invest for their retirement. These reports are a wealth of information that I use and without them, I won't be able to compete with these money managers.

This is supposed to be a free market, a fair playing field for everyone. This does the exact opposite, it raises the threshold for people to report so now the people at the top get to keep their secrets, pump-and-dump, stay at the top, and keep the game rigged to make it harder for anyone to retire with dignity.