Subject: File No. S7-08-20
From: Jeff Hon, CPA

September 16, 2020

Dear Commissioner,

As a retail investor, I urge the SEC to stand with the transparency of the capital market as always. Transparency is the most valuable element of the US capital markets that attract a huge number of global investors to participate in the US markets.

Please stay strong to resist pressure from the institutional investors. People all know that the so-called cost saving is just an excuse and cover-up. Please don't destroy the markets and small investors.

God bless the SEC to make a right decision for the world

With kind regards,
Jeff Hon
A retail investor from Hong Kong