Subject: File No. S7-08-20
From: Ruben J Glover, Glover

July 15, 2020

I am an individual investor that focuses on small market cap companies. Funds that can make a big impact in these companies could very easily be under the proposed threshold for reporting. I think this would have an adverse effect on this lower liquidity market, and allow for misbehavior. Please vote no on the lower threshold.

Thanks,
Ruben Glover