Subject: File No. S7-08-20
From: Elizabeth Simmons

July 28, 2020

DO NOT RAISE THE $100 MILLION THRESHOLD.

Cutting off the effectiveness of this information source will REDUCE TRANSPARENCY and cut off a valuable tool for WISE DECISION MAKING. This is a dependable (i.e. more truthful) data source far superior to the news spin that exists in so much of the news and analytical landscape.

Throughout my career, I have relied on SEC reporting information to access current activities of corporations and investment institutions who have far more resources than I to advise myself and my clients.

DO NOT RAISE THE $100 MILLION THRESHOLD.