Aug. 16, 2022
August 16, 2022 I am writing to provide my support for the proposed rule changes on S7-18-21 \"Reporting of Securities Loans\" Specifically, I believe that the transaction-by transaction reporting, and the 15-min reporting requirement will serve to make our markets (and in turn the global economy) more transparent. I'm sure that all the big hedge funds and prime brokers are commenting that this will ruin them. This is only because they are seeking to hide their illegal criminal activity. Any good faith market participant will understand the need for these updated requirements that are easily facilitated by the technology of our time. Any fund saying they cannot report their sales in 15 minutes while at the same time executing sub-millisecond trades to swindle other market participants is obviously only acting to protect their illegal activity. Please work to make markets that work for EVERYONE and to punish illegal behavior. Best, Burke Minahan