Aug. 16, 2022
August 16, 2022 I am writing in support of transaction-by-transaction reporting and the 15-minute reporting requirement. These reasons that I support these things as a retail investor are simple. Fraud can be hidden in aggregates. Intraday, fast-paced, manipulation cannot be uncovered with a T+1 rule alone. Granting all market participants a high-resolution view into short selling would help to protect retail investors against sophisticated strategies by well-capitalized, dominant, and predatory funds. It would allow everyone, especially regulators and law enforcement, to detect more sophisticated fraudulent activity. it would allow genuinely solvent companies a greater ability to defend themselves against predators. short selling does not aid true competition and price discovery when it can be so easily obfuscated. translation by transaction and the 15 minute reporting window would give all investors information they deserve to be fully informed of the risks they are taking on when they purchase securities. It is my belief that any reduction in short selling will be to the benefit of companies with strong potential future business opportunities. it is important to remember that the purpose of these markets is to support the growth of businesses and that even the most diligent short-selling is still a risk, like any investment. Kind regards