Subject: File No. S7-08-20
From: harry j traver

July 14, 2020

I'm a small investor and watching what the professionals do is a key part of my investment research. This proposed rule would eliminate my ability to do so.

As most hedge funds have automated this reporting, any claimed savings are nonsense. There must be a hidden agenda here.

I doubt the hidden agenda includes concern for small investors.

If transpearancy in the marketplace or public faith in the SEC are goals of the SEC, you have to reject this proposed rule.

You must think we're all stupid.