Subject: S7-18-21: WebForm Comments from Doug Rollins
From: Doug Rollins
Affiliation:

Aug. 16, 2022


August 16, 2022

 I would explicitly like to put my support towards transaction-by-transaction reporting. Transparency, above all, is what shows that we do indeed have a free and fair market. Hiding trades and practices in the dark will only bring up further questions and concerns and instill doubt in the market, ultimately causing irreparable damage as trust in the market is lost.

Furthermore, I support the 15-minute reporting requirement for the same reasons - the cost and effort are justified to prevent fraud and to prevent hiding within potential loopholes.

Continuing on - victimized companies need a way to protect themselves from being targeted by predatory, hostile institutions. Numerous major businesses have fallen victim to short selling \"in the dark,\" ultimately harming true competition and price discovery.

Ultimately, we are entering an age where it is increasingly easy for retail to enter into the market, and more will likely choose to do so when they are able to better see and understand what is happening within it. The more transparent the market is about how things operate inside of it, the more welcoming it is to additional money as newcomers don't feel daunted by all of the things done \"in the dark.\"