Subject: File No. S7-08-20
From: William Adams
Affiliation: None

July 30, 2020

I am an individual investor with limited resources. All this does is decrease transparency and reduce both the Commissions and the publics access to information about our markets while benefiting a select few. Given the SECs emphasis on a level fair playing field, this rule change makes no sense. Just having the rule being proposed says a lot about the disconnect from individual investors such as my self. We want competition, knowledge sharing and transparency to drive the economy and this will go against this American fundamental philosophy.

Thank you for your time and consideration,
William