March 3, 2022
I believe the SEC should enact this rule and even consider shortening the reporting time for this rule from 1 month to 1 week. Timely and publicly available data is important for individual investors who currently lack a lot of transparency in our markets. Our markets are opaque to most individual investors and this lack of transparency causes both information and power asymmetries in our markets, to the detriment of individual investors. Large, technically capable financial firms should be able to comply with the reporting requirements laid out, and should be able to even report on more aggressive timelines without much business impact. As a technical professional, this is information likely readily available in these firms systems.
Please look out for our individual investors while making these rules and leveling our markets playing fields.