Subject: File No. S7-08-20
From: j k phillips

July 31, 2020

This proposed rule destroys a large segment of transparency in the market, such that retail investors and others depending on information to make financial decisions are left with less of it than the giants at the top of the financial ladder. It risks easier manipulation of the market by large players to the possible detriment of the small retail investor, which is increasingly a core of the market. Now that we are finally achieving albeit slowly the capacity to direct our own financial decisions via self-directed retirement and other accounts, it is no time to limit access to vital market data to those of us who need it for our and our families' well-being.
DO NOT PROMULGATE THIS RULE. THANKS.