Subject: File No. S7-08-20
From: Edward V Blanchard, Jr
Affiliation: Director, Scientific Learning Corp

July 27, 2020

This proposed rule change will significantly reduce the transparency of the publicly traded equity markets. The rule should remain as it is, or if the threshold must be changed the new lower limit should be $250 million AUM or so.

Sincerely,

Edward V Blanchard Jr