Subject: File No. S7-08-20
From: Stephane Gagnon

August 22, 2020

The 13f contains important data to anyone searching for a reliable source of objectivity regarding investing. Since the purpose of the 13f is to move the market - benefiting any type of investor (small, big or institutional)- the proposed changes would be a huge loss for many portfolio managers. It would go against the reason that lead to the 13f's launch.
Therefore, I am opposed to the changes suggested in S7-08-20.
Best regards,
Stephane Gagnon