Oct. 08, 2022
October 8, 2022 October 8th, 2022 Vanessa Countryman, Secretary Securities and Exchange Commission 100 F Street, NE Washington, DC 20549-0609 Re: Reporting of Securities Loans (File No. S7-18-21) Dear Secretary Countryman: I am writing in strong support of rule 10c-1, Reporting of Securities Loans for a slew of reasons. For one, it will help actual investors from the predatory schemes of short sellers and hedge funds by implementing a 15-minute report requirement, justified to prevent fraud. It will also give us a transaction-to-transaction report, eliminating the aggregate advantage and letting it be transparent for everyone. Today, the thievery and deception being used by Wall Street to victimize us, working families, from our well-earned money, just to line up their pockets even more is disgusting. We need help. Otherwise the stock market will crumble even more, as we cant let them keep stealing from us. Especially now, with the inflation and cost-of-living skyrocketing to something weve never even experienced before. These short sellers are not investors. Dangerous volatility in a dark pool, hiding their debauchery and earning record profits, all from investors. They are quite the opposite. Retail will benefit from the increased transparency by 10c-1, and so will the victimized companies. I think that quick detection of fraudulent and abusive activity should come before their profiteering. Its like investing with the mafia, youre always going to lose no matter what you do. We really need help. Transparency will greatly benefit retail investors. We should be able to look at a scenario and have all the information, so we can decide on our own for what is the best for us. Sincerely, A Very Concerned Investor