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 support of rule 10c-1, Reporting of Securities Loans. It has been far too long that we have allowed short sellers to abuse what was thought to be a good tool to help markets. Short sellers are hurting companies, families and real investors by driving business out of the market essentially monopolizing the market in way that favor their profits. Short sellers are able to move the entire market in whatever direction that benefits their BUSINESS not what benefits the investors in businesses. They have vast amounts of wealth to move markets and collaborate to ensure they drive great businesses out of the market for profits. I am in support of 10c-1 because it will make bring transparency to the market, aggregates allow short sellers to secretly hide transactions and that is not transparency. We need to make sure we have a market transparent for all. A fair market for all and I believe this is a step in the right direction for many reasons. Short sellers are not investors, the SEC seems complicit to ensure hedge funds and managers are happy instead of ensuring that people who invest are seeing data in real time, who are scared to invest because of predatory shorting. The public is now a watch dog for manipulation and can serve as a free early warning to the SEC regarding manipulation as long as we have real time tracking instead of waiting weeks to see data. Real time data will allow retail investors to see how shorting is affecting price discovery rather than having to analyze old data to show how it did affect the market prices. We have victimized companies not just investors but companies and their employees who are affected by predatory short selling. Short selling in the dark harms true competition and price discovery. I am a strong supporter of transaction by transaction Reporting as it gives a fair playing field for all who participate. Why should several individual investors suffer a worse execution while one entity benefits from better execution because its more convenient for them to report records of short selling practices in the aggregate. This time allowed for Reporting allows large institutions to hide fraud. For these and many other reasons I support transaction by transaction Reporting on a 15 minute basis. This levels the playing field and if it's costs more for large institutions it will deter them from fraud and victimization of companies and individual investors that have no way to defend themselves. Sincerely, Ryan Reda A Concerned individual Investor