Subject: File No. S7-08-20
From: Peter Andresn, Ph.D.

July 28, 2020

I think the proposed rule change to 13F reporting is very problematic. The rule change would provide much less transparency of the markets, allowing hedge funds and other large investors to hide their positions to the detriment of investors and corporations.

I therefore strongly suggest that the SEC reconsider this proposed rule-change, and keep the current 13F reporting requirements in place.

Best,
Peter Andresn