Subject: File No. S7-08-20
From: John Elstrom, Elstrom
Affiliation: Individual Investor

July 27, 2020

S7-08-20

As an individual investor, I value transparency in the financial markets, and I do NOT support raising the minimum 13F reporting requirements being raised above $100 million, as a large percentage of the "professional" money managers would no longer be required to report transactions, providing LESS transparency.