Aug. 16, 2022
August 16, 2022 I am a young, relatively new retail investor who started with a Roth IRA account and an individual brokerage account within the past couple years. During my short time researching and learning about how the U.S. financial system operates, I have been both alarmed and horrified by the current state of business. I believe this rule is an extremely important first step towards updating the current system into a more fair and transparent one. 1. Transaction-by-transaction reporting every 15 minutes must be non-negotiable because transparency is critical to a fair market. 2. Although securities lending reporting is one part of the greater financial system, implementing changes to reporting that will strengthen the integrity of the U.S. financial system is no small matter. The effort and financial cost for greater transparency should be considered mandatory operational costs. 3. Increased transparency benefits the greater good, which includes retail investors and our nation as a whole. Retail investors can invest more wisely through more information and better risk management. Our country is safer because transparency helps reveal long, untracked lending chains that could potentially destabilize the greater financial system and economy.