Subject: File No. S7-17-21
From: Jana M Caperton
Affiliation: None

December 26, 2021

The need for transparency in our markets is overwhelming. There are far to many conflicts of interest for the clearing houses, prime brokers, market makers, and brokers to profit from without regulation. Self regulating organizations are a joke and full transparency about the location and sale of shares is critical to achieve a free and fair market (which is not the current structure). Tracking shares to ensure failures to deliver are eliminated and ensuring retail investors have voting rights is integral to furthering a healthy economy. Stop giving us half measures and lip service, and start creating rules that actually address the inadequacies of our financial markets.