Subject: S7-08-20
From: Margaret Lishnoff
Affiliation:

Jul. 27, 2020

I do not think the passage of the above ruling aids in transparency in the market. 
Under the proposed rules the increased limitation would require less participation in filing requirements which lessens market transparency. Lack of transparency gives an unfair advantage to those not required to file. These large investers would be given an advantage over smaller investets. 
This regulation should be voted down. 























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