Subject: S7-12-23
From: Glenn Runyan
Affiliation:

Jul. 27, 2023

Dear SEC, 

I wholeheartedly endorse the proposed amendment concerning reporting. I have two suggestions for modification: 


1) Ensure that even when the application is not directly used with investors, the data it has received cannot be used or accessed, as this would leave a vulnerability gap. Avoid granting a loophole based on subjective interpretation such as "when interacting with investors." If institutions utilize AI, they must adhere to this regulation. 


2) Include penalties designed to prevent violations and encourage compliance, such as the possibility of license revocation. 



Best regards, 


Glenn, Individual Investor