Subject: File No. S7-08-20
From: John Evans
Affiliation: Retired Office Manager

July 27, 2020

As a retail investor, I appreciate being able to determine which large companies own which stocks. This provides some small help relative to the vast advantages that institutional investors have.

In this data-driven age, compliance costs should not be of significant concern, and are probably decreasing.

Financial markets benefit from transparency. Let's do all we can to keep ours transparent. The wealth gap is already too large let's not do things that increase it.