Subject: S7-18-21: WebForm Comments from Andres Loubriel
From: Andres Loubriel
Affiliation: Digital Sales

Oct. 13, 2022

October 13, 2022

 It is my opinion that FTDs (Failure-to-Delivers) are an abysmal mark of how far our markets are truly are from being free and fair. This rule promises to increase transparency and efficiency in securities loaning which is a step in the right direction.