Mar. 14, 2022
Hello, It Is a step in the right direction to start implementing more rules pertaining to short-selling. Retail investors are not being given transparent data about short selling. I think it is a mistake to not include ALL derivatives in the reporting rules. This includes swaps and other associated position where I as retail investor believe there is a lot of abuse happening. All derivative positions included in the proposed rule changes. I also think that the threshold for reporting is far too low because of the ability for bad actors to push it just under the limit, and having multiple positions over a variety of funds or companies. We are seeing examples of this with banks owning multiple dark pools just under their associated five percent threshold. I feel that it is every person's right to have access to transparent and current data, this leads me into another change I would suggest. Monthly reporting is not often enough at all for a securities market. These reports should be minimum on a weekly basis. I am a Canadian citizen, I own securities in the US market. I think that it is imperative that we work towards a more efficient and transparent market for both of our continued growth as nations. Thank you for reading my comments. Sincerely, Travis Donovan