Subject: File No. S7-07-20
From: Carol J. Anderson, Anderson
Affiliation: NA

September 29, 2020

In regard to changing the quarterly filing threshold of institutional investors:

I oppose the proposed increased limit for institutional investors to file their holdings. If this is a market that deserves oversight, and it is, like most markets, then less knowledge is not more. We live in a day of remarkable computer databases and programs. There is no legitimate reason to make these filings fewer. For our world to trust our markets, there needs to be transparency.

Carol J.Anderson