Subject: File No. S7-08-20
From: Jeffrey M Johnson

July 11, 2020

Investors need as much information as possible to make informed decisions for their financial future. This proposed rule defeats this basic fundamental of wise investing.

The financial sector relies on the perceived integrity of its players for its sustainability . This proposal would create more dark corners for the less scrupulous to hide.

I strongly urge a reconsideration and withdrawal of this proposal.