Subject: File No. S7-08-20
From: Louis Roberts

July 24, 2020

As a 40 year veteran of investments I disapprove at the proposed S7-08-20 Threshold change. This year parked money lost 75% of interest making vehicles forcing seniors to trade in Preferred's and Equity stocks, The 13F is the only real and honest transparency for Seniors to get actual information by quarterly reporting by firms over 100K in business. Please do not change this threshold and do not pas S7-08-20 that will ruin the only way investors can get a good display of trading activity by the largest group of investing companies. Please do not change 13F thresholds.