Aug. 16, 2022
August 16, 2022
I am very concerned about effort to obscure transactions by financial institutions. I strongly support the enforcement of transaction by transaction reporting. I also support the 15 minute reporting requirement. Victimized companies need a greater ability against actors that look to profit from short selling. Price discovery and competition are an important part of a free market. This rule helps keep the free market free. Retail will benefit from increased transparency. Why hide this information from retail unless this information being public would harm non-retails ability to profit. Transparency would allow the SEC to better do its job, and it would help hold bad actors accountable. There are inherent dangers in long, untracked lending chains that can lead to unnecessary economic fragility and destructive chains of obligation. Transparency should be the norm for the free market.