Oct. 08, 2022
October 8, 2022
I am submitting this comment in favor of passage of this rule. While I find allowing the borrowing of securities to sell abhorrent, since you're continuing to allow the sell of items not owned but borrow then the minimum the commission can do is attempt to keep track of who has borrowed from whom and attempt to prevent the myriad of ways short selling can be used to abuse retail investors, the ones you are suppsosed to be protecting. I am a strong supporter of the intraday 15 minute reporting and transaction by transaction reporting. The cost incurred by implementing these rules are far outweighed by protection afforded not only to the individual retail investor but to the companies that are attacked by these predatory practices. Your states goals are to protect individual investors and make sure the market is free and fair. Please prove that you are truly working towards that by passing these new requirements.
jn