Aug. 16, 2022
August 16, 2022
Good morning,
I believe this ruling is the first of many steps taken of ensuring a fair and transparent market. Share lending is a black-box with the lack of reporting surrounding it. A 15 minute delay in reporting versus the monthly reporting structuring provides information needed by the retail sector of the market. More and more, young people are using the financial vehicles established however, we lack the information to compete with high frequency traders and large institutions. We want a chance to manage our own money and learn the intra-workings of a free market.
I decided to comment after seeing Citadels comment of why this hurts retail. I completely disagree. Citadel has a minimum investment of $10M, a minimum no individual can meet.
I understand pension funds and banks invest in hedge funds. However, with only 15% of jobs being public jobs, I doubt the masses are invested in any hedge fund.
Please make this ruling. Young people are starting to partake and notice. Please help us make a better future.