Aug. 16, 2022
August 16, 2022 This is a great proposal for retail the increased transparency is welcome. This would prevent bad actors from hiding with speed of high frequency trading via hiding within the aggregate data. I want to know if my brokerage is lending out shares to short of a company I'm invested in, it would absolutely determine if I wanted to remain a customer of a brokerage. As far as hedge funds go, retail investors are told time and time again that short selling serves the purpose of uncovering fraudulent companies, if this really is the case than more transparency should serve in the best interests of those claiming to detect said fraud, it would make investors moreconfident in working with these funds. I also want to talk about fails to deliver. As many many retail investors have learned over the last few years, ftds are being heavily abused to manipulate and dare I say, hold companies hostage. Ftds dilute supply and devalue companies and large go unpunished via insignificant fines. I want to see real price discovery and accurate numbers around the numbers of shares available. Please help retail to root out fraud by providing this level of detail in the reporting of short sales and lending. The transaction by transaction reporting is also required to prevent hiding in aggregate data. 15 minuteintraday reporting also helps to level the field where high frequency trading is king. Thank you for the opportunity to weigh in on this important proposal and I look forward to increased data transparency in the future.