Oct. 08, 2022
October 8, 2022
October 10th, 2022
Vanessa Countryman, Secretary
Securities and Exchange Commission
100 F Street, NE
Washington, DC 20549-0609
Re: Reporting of Securities Loans (File No. S7-18-21)
Dear Secretary Countryman:
I am writing in strong support of rule 10c-1, Reporting of Securities Loans.
As a strong supporter of the transaction-by-transaction reporting. Its been clear that the current reportings are not transparent and provides too much fraudulent activities behind closed doors. This can be hidden in aggregates. Why should one individual or entity have to suffer while another individual benefits from a better execution, just because it is more convenient for certain institutions to report their short selling practices in the aggregate? This is outright unfair from any point of view and contrary to the requirement of the best execution. Therefore, it should be a mandated requirement for transaction-by-transaction reporting.
Sincerely,
A Concerned Investor