Subject: File No. S7-14-19
From: Lucas H Selvidge

October 23, 2019

This is a terrible proposal, one that will destroy wealth and value for savvy investors who spend extensive time researching and gleaning information from OTC-traded companies, even if those companies do not report to the SEC. Those of us who invest in non-reporting companies are well aware of the risks that we bear in doing so. I strongly encourage the SEC to reject this proposal in favor of the dedicated, passionate investors who trade in these securities.