Subject: File No. S7-24-20
From: Average Investor
Affiliation: None

March 22, 2021

Please clarify if the exemption for reporting conversions applies to shares held or converted, held or acquired via tax exempt vehicles such as foundations shares converted, held or acquired that qualify as a section 12 company shares converted held or acquired that qualify under a scaled disclosure requirement for the Exchange Act. Electronic filing seems it would make it much easier to file,however i object to any exemptions as this will only harm consumers and investors by decreasing transparency specifically with already opaque conversions.