Oct. 09, 2022
October 9, 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. As part of a working blue-collar family, our financial investments are crucial to allowing us to carry out happy and fulfilling lives. Large, predatory financial institutions and short sellers that manipulate market movement are exploiting working-class families like my own and jeopardizing our livelihoods. The risks involved with investment decisions made by every day individuals are not apparent due to current short selling practices, which are opaque and hidden behind outdated reports of short sale information. I support the intraday 15 minute reporting requirement because it would help clarify the risks of investment decisions for working-class investors by providing short sale information that is up to date. Without this requirement, working families are unable to defend themselves from predatory short selling practices. Finally, short selling in the dark harms victimizes companies by artificially manipulating their stock prices. Multiple short hedge funds are free to abusively short a single company's stock heavily at the expense of working families and the company itself. This is unacceptable and fundamentally wrong in our market overall. Sincerely, A Concerned Investor