February 25, 2022
Until short position reporting is mandatory, and not \"self-reported,\" these amended rules do nothing to protect the retail investor or American companies from predatory short selling, naked, illegal, or otherwise.
To see the opacity afforded to those who control the markets, specifically around betting against American companies (to quote Gary Gensler, 90-95% of all trades are handled OTC -- why? Where is the price discovery?) is anti-American at best.
Full transparency is what we want, and access to information so we can make informed trades. There is no reason to allow \"self-reporting\" on short positions. Make it mandatory, and T+0 settlement. It's 2022, we have the technology.
Sincerely,
Sarah