Subject: File No. S7-08-20
From: Ken E Wolfe, Jr
Affiliation: Individual Investor

July 27, 2020

I often look at who the big investors are investing in. I do not have the time or resources to narrow down the field. Because of 13F data, I focus my research on who the big investors focus their money on. The rules change narrows the field required to submit the 13F by 90%. This would hurt the small time investor. I may be forced out of the stock market without this information. I certainly vote NO on this rules change.

Ken Wolfe