Oct. 08, 2022
October 8, 2022
I strongly support S7-18-21 Rule 10c-1 \"Reporting of Securities Loans\" and the 15 minute intraday requirement. I believe this rule will improve market transparency, help to prevent abusive and/or naked short selling and provide greater awareness of the risk involved in trading. Transaction-by-transaction reporting is the only way for true transparency and the 15-minute reporting requirement is a bare minimum to facilitate this. Delayed and under-reported short selling harms true price discovery, individual investors and the general public by extension. A greater market transparency reduces dangerous volatility and provides more trust from long term investors. The economy today is at a very fragile point in part due to the ability to hide the chains of obligation associated with the lack of transparency in securities lending and short selling. The Commission is already well aware of the various forms of manipulation that can be advanced by short sellers to illegally manipulate stoc
k prices. Rule 10c-1 may help to remove these dangers, support market stability and empower working families and individual investors' with confidence in the SEC and the markets overall.