Aug. 10, 2023
Dear Securities and Exchange Commission, I have left a comment on this proposed rule with my reactions and supporting contentions. In any case, as time has passed, it has become obvious to me that this standard should be reexamined and republished. To begin with, I need to say I support the expanded detailing prerequisites part of the bill. I might likewise want to change this to day-of announcing or "impromptu" detailing. We possess the ability to do so and it would additionally reinforce straightforwardness and continuous precision of information. In any case, this is a decent step. Nonetheless, I'm extremely worried that subordinate positions get gainful possession freedoms. This could come at the expense of conventional investors and the people who use subsidiaries to control and mishandle stocks and the general market. Moving the significance of useful possession to organizations that don't need to designate the appropriate measure of capital isn't correct. I accept this 'modernization' will work with and sustain stripped short selling and insider exchanging. Each short and subordinates position ought to be accounted for and straightforward. I appreciate that the standard makes that a point. Anyway cash settled subsidiaries shouldn't get these privileges to the fundamental security. I propose this bill is re-attempted to expand straightforwardness and responsibility against subsidiaries extortion and stripped short selling. This standard requirements to work for the retail financial backer. Lumping in sure measures with unsafe ones might counterbalance any headway made free of charge and fair business sectors. In the event that I and many other retail financial backers are misjudging this standard with regards to retail financial backers, then, at that point, the SEC requirements to reconsider and make it clear to keep away from any disarray. The last thing I would need is to dismiss a standard that general blessings the retail financial backer. Anyway I should be sure. I will remark on another proposed rule with additional explanation from the commission. Sincerely, An individual retail investor.