Subject: Comment Letter for File Number S7-06-22 Modernization of Beneficial Ownership Reporting
From: Dan Santangelo
Affiliation:

Jun. 29, 2023

Beneficial ownership should be reported ASAP. I don’t understand why an institution gets 10 days. That is a very long time.

I believe an ample amount of time is 2 calendar days. If an institution owns more than 5% of a company then all shareholders should be notified ASAP. 10 days is way too long.

Thanks

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