Oct. 08, 2022
October 8, 2022
I am writing in strong support of rule 10c-1, Reporting of Securities Loans.
Rule 10c-1, Securities Lending Transparency proposed transaction-by-transaction reporting of all securities lending activity, every 15 minutes.
I believe that the transparency of this proposed rule within in the stock market would further protect investors and would cultivate more confidence within markets.
I am commenting in strong support of rule 10c-1, Reporting of Securities Loans in the hope that the SEC will do all that they can to ensure that investors within these US markets remain fully informed, assured and confident with their investments.
I can only imagine the backlash the SEC would face if, in light of the information presented as above, they were seen to reject a rule like 10c-1, Reporting of Securities Loans and how this might lead to a loss of confidence and trust in the American Markets. Not only would that impact the integrity of the NYSE but I should imagine it would have devastating affects on the dollar. Being that Im sure you are every part as invested, being the SEC, in protecting these American markets (being that you are funded by the US tax payer to do so) Im sure you will agree with me the necessity in implementing rule 10c-1, Reporting of Securities Loans.
The concerns that certain funds have against this rule such as eliminating their competitive advantage don't seem to be as important as protecting the markets from predatory short selling driving individual companies to bankruptcy.
Sincerely,
A Concerned Investor