Oct. 31, 2022
October 31, 2022
Rule 13f-2 ought not be passed by this commission. As a retail investor I want transparency and I want data made available to me in a completely and timely fashion. The markets in this country cater solely to multibillion dollar businesses at the expense of retail. To pass this rule will further deteriorate my trust and confidence in the markets. If the Commission insists on continuing with the aggregated disclosures, we would offer one suggestion for an important change. The current proposal for categorizing a position as not hedged, partially hedged or fully hedged could lead to serious problems and misrepresentations of actual economic short exposure, which is the first shortcoming identified by the Commission. Aggregated information could actually end up being very misleading, by painting an inaccurate picture of the size of short positions despite the hedging distribution disclosure.
",
"commenterInfo": {
"lastName": "cullin coyle",
"affiliation": "",
"commenterAddress": {
"streetAddress": "3506 mackland ave ne",
"city": "albuquerque",
"state": "New Mexico",
"zip": "87106",
"country": "United States"
},
"email": "ccoylenl@gmail.com",
"phone": "505-414-6719"
},
"submitterInfo": {
"isThirdParty": "false",
"submitterName": "",
"submitterOrganization": "",
"isAffiliated": "true",
"affiliationName": "Gary Gensler"
},
"rulingInfo": {
"fileNumber": "S7-08-22",
"ruling": "s70822",
"rulePath": "/comments/s7-08-22",
"title": "Short Position and Short Activity Reporting by Institutional Investment Managers Notice of Proposed Amendments to the National Market System Plan Governing the Consolidated Audit Trail for Purposes of Short Sale-related Data Collection"
},
"commentDate": "October 31, 2022",
"htmlFilename": "s70822-nnnn.htm",
"uploadFilename": []