Subject: S7-18-21: WebForm Comments from Keagan Donahue
From: Keagan Donahue
Affiliation:

Oct. 08, 2022



October 8, 2022
Please, protect the working families and people all over the world who invest in the markets expecting fair and honest practices.
The lack of timely reporting by institutions on shorts, swaps and other financial instruments of borrowing is showing great distrust in the SEC and the American stock exchanges.
It is unbelievable that in today's market, the retail investor is left without any ability to research stocks based on what the current sentiment is by institutional investors.
Shorting is not investing, it is gambling on a company's demise.  Retail investors, hard working families, are targeted by the lack of timely reporting.  I would greatly appreciate and support, the implementation of transaction reporting and the 15 minute reporting requirement. This not a big ask of anyone in our current age of data.  It is simply archaic to allow these old and, frankly, abusive practices of hiding short positions from investors and leaves wide opportunities for fully intentional fraud and naked shorting.

And for our market's sake, please make reasonable fines that would legitimately deter institutions from considering SEC fines a cost of doing business, and a minor fraction of the overall profits made from violating our market rules and structures.

Sincerely, a deeply concerned retail investor.