Subject: File No. S7-08-20
From: Ralph Serignese

July 31, 2020

With ever changing informational impact (Big Data) on everyday life effecting all aspects of our lives for the SEC even to consider a change w/S7-08-20 is typical governmental cover-up that will significantly impact citizens across this country that choose not use Financial firms for managing their finances. This will lead to an increase in mismanagement/financial cover-ups as it significantly erodes the ability of the public/investors ability to assure traceability of investment portfolios thereby assuring that it matches an investors financial profile. The origin and interested parties for executing the proposed change should be clearly made public.
It is ironic in that the world is creating databases capturing all aspects of our lives yet in this case citizens are being led to having even less information available for making financial decisions.
Our Rights/Freedom under the Constitution continue to erode.
Thank you