Oct. 18, 2023
Dear Sir/Madam, I am writing to express my strong support for the Securities and Exchange Commission's (SEC) Proposed Rule 6b-1 in light of recent developments in the financial market. Transparency is the cornerstone of market integrity, and the proposed rule's disclosure requirements are a commendable initiative aimed at enhancing transparency in the financial markets. In a rapidly evolving financial landscape, more detailed disclosure plays a key role in strengthening the foundations of markets. By providing comprehensive information, this proposal has the potential to empower various stakeholders, including retail investors. They will have the means to better comprehend and assess the intricate dynamics of the market, ultimately leading to more informed decisions and greater market confidence. One of the key aspects to consider in the context of transparency is accessibility. Transparency can only be truly effective if the disclosed information is easily accessible. To achieve this, I recommend making these disclosures available on both the SEC's and the exchanges' websites. Such a move will ensure maximum visibility and reach, enabling a wide range of stakeholders to access this critical information with ease. The overall impact of these measures will be a substantial improvement in the fairness and transparency of the securities market. This, in turn, will significantly enhance investor protection. With the increased accessibility to comprehensive information, investors will be better equipped to make sound financial decisions, and regulators will have better tools to monitor and maintain market integrity. Furthermore, enhanced transparency will also serve to foster trust and confidence among market participants. When everyone has access to the same information, it levels the playing field and reduces information asymmetry. This, in turn, can lead to fairer and more efficient markets. In conclusion, the SEC's Proposed Rule 6b-1 is a critical step toward ensuring the continued health and stability of the financial markets. It upholds the fundamental principles of transparency and accessibility, benefitting all market participants and contributing to the long-term prosperity of the financial sector. I wholeheartedly support this initiative and believe that its implementation will be a significant milestone in the evolution of the securities market. Sincerely, Lars Wohlfahrt