Subject: File No. S7-08-20
From: Michael Temple

July 27, 2020

I am an individual investor that relies on this information to make better investment decisions. Why would you ever want to create LESS transparency in the markets so many investors from people investing their 401(k) to IRA for retirement and make it more difficult for them to be successful?

Individual investors already have so many fewer tools and data than large institutional investors have access to we depend on every advantage we can get to improve our performance. This data is important and removing it would have an adverse effect on so many small and even medium-sized individual investors.

Seeing how successful investors are building a position or portfolio is very useful information. I urge you to reject this proposal and leave the limit where it is today.