Sep. 29, 2020
Subject: File No. S7-08-20 From: Mark Fuller Affiliation: Investor -------------------------- September 29, 2020 Transparency in financial markets is a cornerstone of capitalism. In an age where retail investors are inundated with data and information, and are often exposed to professional hedge fund investors via TV and numerous other forums. It is often difficult to discern however if their views are truly that they believe or if those managers are just talking up their book. The Form 13F plays a pivotal role in helping investors understand those managers holdings and therefore better assess the market information they have received. Significantly increasing the threshold for 13F reporting would undermine this transparency and be negative to our financial markets.