Subject: File No. S7-08-20
From: DENNIS M MCMILLAN

July 27, 2020

Dear SEC,
The considered changes to S7-08-20 are harmful to small investors. It is absurd to to think this rule change is anything other than injurious to the majority of investors. An Inspector General review would most assuredly reject this change as being LESS transparent. Consideration of this change is so outlandish as make one's mind run to conspiracy theories and who profits if this change were to occur. It certainly is not the mass of investors.