Subject: File No. S7-08-20
From: William Vedder, Jr

August 18, 2020

I am opposed to the SEC proposal updating Form 13F Threshold Reporting Requirements for the following reason:

Changing the requirements as proposed makes investing less transparent. Less transparency is in direct opposition of the SEC's mission statement #1 "Protect Investors". How does less transparency protect investors? And further, how does less transparency help to "Maintain fair and orderly markets"? It doesn't.

Watching with interest,
Bill Vedder