Subject: File No. S7-08-20
From: MAUREEN K SHANAHAN

July 31, 2020

Regarding your recent proposal to change the reporting threshold for Institutional Investors, I DISAGREE VEHEMENTLY. This does nothing to increase transparency and only enhances an already NOT level playing field in the stock market.

Please please reconsider your proposal and leave things as they are for the sake of the American people.

Thank you for your attention to my concerns.
Sincerely,
Maureen K Shanahan