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 transparency like this within in the stock market is deserved to all valued investors and would invite confidence within your markets, which Im hoping is something of a shared goal.
To deny us that such transparency by rejecting rule 10c-1, Reporting of Securities Loans would suggest to me, an investor, a hidden agenda or ill-intention to keep truth hidden, of which would then present the question as to why.
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 am concerned that this might lead to a loss of confidence and trust in the American Markets causing people to withdraw their funds on mass (not only US-based stockholders, but international investors too). 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.
After all, I see no good argument against more transparency and integrity within our financial markets, nor any good reason to oppose rule 10c-1, Reporting of Securities Loans.
Sincerely