Subject: File No. S7-08-20
From: CURTIS W MCLEROY, MCLEROY
Affiliation: -- please select a prefix --

July 27, 2020

Dear Sirs

The water is already pretty murky and with new proposed ruling I would not expect trading to become more transparent. I would expect the water to get so thick with this ruling, you could not see through it with high powered telescope. Why cant you guys tell the truth that your real job is to make everything worse while trying to sell the general public investor a pile of horse manure. My recommendation is to lower the Threshold for Institutional Investment managers, because if I have money in the institution I want to know more about what they are putting my money in NOT LESS INFORMATION.

When you have more information you become more transparent.
Ask yourself who do I work for the Public or a bunch of high powered institutional managers.

Sincerely,
Curtis McLeroy