Aug. 16, 2022
August 16, 2022 Fully supportive of transaction reporting. This eliminates the \"hide in aggregate\" functionality. Transparency means transparency, aggregate is not transparent. - I strongly support the 15-minute reporting requirement, stating that the expense and effort to prevent fraud and avoid hiding in loopholes is justified. - Distressed businesses need greater capacity to defend themselves against predators and that \"short selling in the dark\" undermines true competition and price discovery. The idea that a fund can \"know better\" and beat an unsuspecting company is a disgrace. - Greater transparency benefits retail. If you know who is targeting which companies, you can better assess the risk of your decisions and transactions. Allowing funds to sell short in the dark leaves retail investors dangerously unaware of the risks they are taking when purchasing securities. - There's a new and highly desirable phenomenon of the public acting as a frontline watchdog in monitoring securities fraud short-selling data and empowering the SEC to perform its duties free of charge. increase. - The dangers inherent in long untracked credit chains can lead to economic vulnerabilities. Transparency in this area is more important than ever because securities lending can hide a massive and disruptive set of obligations that could even threaten national security.