Subject: File No. S7-18-21
From: Al Thompson

January 24, 2022

Loaning of securities is an opaque process that is siphoning wealth from retirement accounts and retail investors to benefit large institutions. Any and all measures should be taken to make this process more transparent and level the information playing field for retail. Its my hope that this reform will shed more light on this elite practice and cause outrage among those that it is harming.