Oct. 08, 2022
October 8, 2022
To Whom It May Concern:
As the SEC has lost a large number of comments due to a \"glitch\", I am taking the time to write another.
I explicitly support the SEC's proposal for the 15-minute reporting requirement for short selling. This is justified to prevent fraud in short selling.
Short sellers like to talk about how noble they are in researching companies that are commiting fraud and betting against them in order to lower their stock price. In reality, many short sellers are the opposite of investors, and actively work together to destroy vulnerable companies in order to make a quick buck. May I remind you that the SEC has pledged to support \"working families\" as part of the strategic plan for 2022-2026. \"Working families\" are NOT short selling anything - they are investing their hard-earned money on stocks and ETF's, and their investments are the most vulnerable to abusive short selling tactics.
Anyone or any company who comments AGAINST this proposal is likely actively looking to leverage the many loopholes currently present in the system to continue to destroy good companies to make money. This cannot go on any further.
Please implement this 15-minute reporting requirement and stop giving favorable treatment to those who would actively bet against the good of the people.