Subject: File No. S7-08-20
From: Mikail Price

August 11, 2020

I am opposed to this regulation change. As a small investor I have used this information to determine what some of the best investors in the world are doing. By implementing this regulation change. You are giving large investors a one up on on smaller investors like myself because they can easily move the market and we would not see this happen until it was too late resulting in poor investment results for those who were previously privy to this information. Know that this will hurt small investors like myself. I hope that you reconsider this decision.

Best,

Mikail Price