Aug. 16, 2022
Hello, i feel this is extremely important. We need to support transaction-by-transaction reporting because it eliminates the ability to "hide within the aggregate report. Transparency is imperative and aggregates are not transparent. Supporting the 15-minute reporting requirement, the cost and effort are justified in order to prevent fraud hiding in loopholes. Victimized companies need a greater ability to defend themselves. Short selling in the that dark" harms small true number of competition and price discovery. The idea that small number of short-selling funds "know best" and can hammer unsuspecting companies in the dark is shameful. We have a much better idea of the risks, 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. This gives an absolute unethical disadvantage to retail investors. The proposal of public serving as first-line watchdogs in monitoring short selling data for securities fraud will help strengthen the SEC, better enabling it to fulfill its mandated duties. Crazy dangers inherent in long, untracked lending chains, that can lead to economic fragility, is something that everyone should be concerned about. Securities lending activity can hide massively destructive chains of obligation that can even be a threat to National security. Transparency in this area is more important than it ever has been. It is absolutely imperative that this rule is passed to help advocate for the "smaller fish". At this time, the "smaller fish" are at an extreme disadvantage and have been taken advantage of and screwed over for decades. Generational damage. Please help make history and fix the financial turmoil. Thanks much, Eric Weber ARRT, RCIS