Subject: File No. S7-08-20
From: Paul J Balson
Affiliation: Registered Investment Adviser

August 10, 2020

I would like to thank the SEC for proposing to raise the reporting threshold for Institutional Investment Managers. As a small Registered Investment Adviser, the current threshold is far too low to be of use to the SEC and market followers, while the reporting requirements are too burdensome and time consuming for small managers whose primary focus is servicing their clients. This is an enlightened and necessary proposal, and I hope to see it passed.