Oct. 08, 2022
October 8, 2022 Dear Secretary Countryman: I am writing in strong support of rule 10c-1, Reporting of Securities Loans. I support transaction by transaction reporting. Greater transparency is needed in our markets. Current aggregate reporting helps hide potentially fraudulent activity. I support the 15 minute reporting requirement as well. The cost and effort are needed to combat fraud in our markets. I believe these changes will improve transparency and give more confidence in our markets. Retail investors will benefit greatly from these changes. If short sellers continue to operate in the dark, retail investors will continue to be unaware of the risks involved with their investments. Likewise victimized companies of the short sellers will diminish. It is a great shame that short sellers have been able to hammer down unsuspecting companies and help facilitate their bankruptcy. All the while hiding their activity from the public. I strongly support changes as it helps protects working families, investors and companies from abusive market manipulation.