January 8, 2022
The proposed rule, and its comments are a desperately needed update to the current way of doing business. Reading the comments, see that a sweeping majority support enacting this. The holdouts are businesses and funds that profit from the obfuscation of lending. A free and fair market is dependant on transparency and timely, accurate information. The current structure not only allows, but promotes the hiding of data, which has led to rampant counterfeiting of shares, collusion to predatory shorting, and outright fraud, all at the cost of investors, retirement accounts, and government pensions. Any ability in the market to hide trades, lending, or sales has resulted in the abuse of that ability, destroying companies and defrauding investors. This last year has seen a surge in increasingly more well informed individual and institutional investors who cannot allow the current system, filled with opaque fraud, to continue as-is. Enact this rule, and push for strictly enforced 100% transparency throughout every level of the market.