Aug. 16, 2022
August 16, 2022 Large institutions are fearful of this rule because it provides transparency for retail investors and regulators. They don't want an even playing field, they'd rather use their superior knowledge to drive companies into the dirt. I explicitly support transaction-by-transaction reporting because it eliminates the ability to \"hide within the aggregate\" transparency means transparency and aggregates are not transparent. I explicitly support the 15-minute reporting requirement, the cost and effort are justified to prevent fraud and prevent hiding in loopholes. Victimized companies need a greater ability to defend themselves against predators. Short selling \"in the dark\" harms true competition and price discovery. The idea that a small number of short-selling funds \"know best\" and can hammer unsuspecting companies in the dark is shameful. Retail will benefit from increased transparency. We have a much better idea of the risks of our decisions and transactions if we can see who is targeting which companies. If funds are allowed to short in the dark, retail investors remain dangerously unaware of the risks they take on when purchasing securities. Long, untracked lending chains are a danger that can lead to economic fragility. Securities lending activity can hide massively destructive chains of obligation that can even be a threat to national security, and so transparency in this area is more important than it has ever been.