Subject: S7-18-21: WebForm Comments from Allan Philpott
From: Allan Philpott
Affiliation:

Aug. 16, 2022


August 16, 2022

 - I fully support transaction by transaction reporting. It will be harder for institutions to commit fraud, as transparency will lead to safer markets and more informed decisions for retail investors.

- I fully support the 15 minute reporting requirement. The cost and effort will offset the billions of dollars lost to institutions committing fraud and manipulating share prices.

- This proposal as it is written will protect companies that are being victimized by institutions shorting them to bankruptcy, and additionally will significantly reduce the illegal naked short selling committed by certain institutions.

- I fully support this bill as it is written now. It is a big step in the right direction for an agency that has lost so much faith from retail investors. The SEC is supposed to be protecting investors and creating a safe and stable market. Any revision based on large institutions feedback would further tarnish the publics faith in the SEC.