Aug. 16, 2022
August 16, 2022 Contrary to what the \"representatives of retail\" would have you believe, the weight of retail falls behind the SEC in acting swiftly and comprehensively to increase transparency and accountability in our financial markets. In the age of modern equipment where trading occurs at fractions of a second, and mind boggling amounts of money are spent chasing such high frequencies, is 15 minute reporting really going to be onerous cost-wise for these big players in the market, or is it more likely to be costly because it encumbers their ability to brutally victimize stock tickers by short selling in the dark. True price discovery would allow comprehensive knowledge for all investors on these companies, especially including short sale plays. Additionally, such 15 minute reporting must be transaction-by-transaction, aggregation is simply obfuscation and cannot be tolerated. Such transparency in the markets allows true retail participation, with those actively engaged in the market also better able to monitor securities fraud and support the SEC in its mandate, through self interest. Rather topically, short-selling in the dark is a source of systemic, idiosyncratic risk, endangering the notion of the capital markets in the united states being the best in the word. In the current geopolitical climate, such risks to good economic functioning become matters of national security.