Subject: File No. S7-08-20
From: George W Jones, Jones
Affiliation: Houston, TX

July 27, 2020

Seriously?? How will removing 90 % of quarterly reporting by actual numbers increase transparency? The little guy (meaning me and others like me) are already at a disadvantage when it comes to automated trading. Taking away a "window" into the larger world of institutional trading would be counterproductive for us. George