Subject: File No. S7-08-20
From: Assaf Nathan
Affiliation: Hedgefund manager

July 14, 2020

Hello,

We, as Israeli investors, invest mainly in the US market.
The reasons for it is because we think the US market is one of the most transparent markets in the world.

Your proposal decrease transparency and would make the US market substantially less transparent.

Also, the 13F forms serve as an important research tool to asses the risk management of funds, their ability to withstand crisis and economic shocks and also to research stock market history.

Please, do not reduce and harm the US market transparency.
Please drop this suggestion.

Best Regards
A worried investor