Aug. 16, 2022
August 16, 2022 As a foreign retail investor that has been closely following the US financial markets in the last 2 years I would like to comment on this, in my opinion, very important rule proposed by the Sec. Firstly transaction-by-transaction reporting helps transparency and therefor i strongly support this change. As well as the transaction-by-transaction reporting, having to report every 15 minutes would not only help retail investors like myself to have a much better idea of the risks of a possible investment, it would also help prevent fraud and the hiding in loopholes. On top of that it would also help the \"victim companies\" of short sellers to be able to defend themself better and with more informatiom against those shortsellers. I do not understand how we can talk about the transparency of the market, if short sales are not even required to be disclosed. Short selling harms true price discovery and true competition and I am certain the costs and effort are justified to provide a fair and transparent market for everyone. Therefor i also strongly support the 15-minute reporting requirement. Having those reports will help the public to be able to monitor and report short-selling data for possible securities fraud, which they can then report, strengthening the Sec at no additional cost. As a retail investor I am grateful to see that the Sec is proposing new rules and I am hopeful, that the Sec sees that those proposed changes will affect the the market in a positive way and will help to bring more transparency to the market.