Subject: File No. S7-08-20
From: Mark Hawley

July 27, 2020

How, in any way shape or form, does this proposed rule change benefit the average American? This rule change will not lead to more transparency in the market, BUT INSTEAD CONSIDERABLY LESS TRANSPARENCY. It's not just a matter of seeing which individual money managers bought and sold stock. Knowing what institutions are collectively buying or selling certain stocks is important information - and it's useful for companies to know who their shareholders are as well. This rule should be discarded as a blatant attempt to obfuscate financial information that today is readily available and causes ZERO HARM to institutions and provides VALUABLE INFORMATION for individual investors.

Mark Hawley
Jacksonville Beach, FL