Subject: File No. S7-18-21
From: Nick Morgan

May 4, 2023

Increased transparency in financial reporting and short-selling practices is essential for preventing fraud and promoting fair competition. Advocating for transaction-by-transaction reporting and the 15-minute reporting requirement, as well as providing greater protection for victimized companies against predatory short-selling practices and promoting transparency in securities lending, will benefit retail investors and strengthen the SEC's ability to fulfill its mandate while also guarding against economic fragility and potential national security threats. Furthermore, the public's role in monitoring short-selling data for securities fraud is vital and should be encouraged.