Oct. 08, 2022
October 8, 2022 I am writing in strong support of rule 10c-1, Reporting of Securities Loans. For there to be any true confidence in U.S. economy, there must be transparency and accountability. When groups and individuals are not held to certain standards, the result is a rapidly accelerating loss of trust in the entire system. If one person can't be trusted, can any of them? We live in a society that claims to exist in a free and fair market, but when certain groups are allowed an edge on their competitors, how can that be deemed fair? The fact that groups (more like a group) have been allowed to control the vast majority of trades in the NYSE and are given the ability to maneuver cherry-picked portions of a days' trading volume to funnel into dark exchanges is just downright wrong. To allow them to turn around and base their core market strategy around skimming off the top of uninformed purchases is abusive and down-right unconscionable. If the Individual investors' need to be protected, than their ability to be as informed as possible must be protected. By continuing to allow dark markets, and aggregate reporting, no investor's money is safe. At this point, the damage to our economy's potential is unmeasurable and the rules that have allowed the bad players to proliferate need to be put in check.