Oct. 25, 2022
Hello, Real reform for securities lending must include at the absolute minimum: 1. Notifying the public about who is borrowing & lending shares (not just which company's shares are borrowed or lent.) 2. Notifying retail investors that their shares are being lent, as it impacts voting rites and they don't get tax-qualified dividends. 3. Sharing any/all revenue earned from share lending from retail investors, especially with regards to 401k 4. Eliminate 'onward lending' completely (public companies and transfer agents have opposed this for decades. 5. Require every loan to have a due date (not marked 'if applicable.') For whom it concerns, Brian Paul