February 20, 2022
While I do believe these changes are a step in the right direction, as an individual investor I cannot help but wonder why in the world there is never an accurate amount of share ownership.
These deadlines are a step in the right direction, but we absolutely should have a hard deadline of all broker dealers and non broker dealers current share holdings.
There is also, as far as I can tell, absolutely no reason why retail brokerages share ownership is completely unreported in absolutely any regard. Webull, Fidelity, E-toro, just to name a few, do not ever have to report how many shares are being held in individual accounts under their custodianship. This absolutely needs to change and makes no sense that this is currently a completely unreported share of market holdings.
I am of the personal opinion that ALL ownership should have a hard deadline reporting requirement for how many shares they either a) currently own in a company, or b) hold as a custodian or beneficiary in a company.
Thank you for giving us a chance to comment on potential changes, but I do believe a lot of these changes could go a step or two farther without any detriment to any of the person(s) involved.