Subject: File No. S7-08-20
From: L A Forbes, MD

October 15, 2020

I invest mainly in small and medium sized companies. The 13f filings allow me track institutional interest in these companies. Raising the threshold so that 90% of these institutions can now operate in the dark would allow them to manipulate stock prices in a way that small investors like myself would be unaware of. I support raising the threshold but not so much as to basically allow the majority of these firms to operate in the dark.