January 4, 2022
To SEC,
Transparency is important and as a retail trader it is so unsightly that broker dealers are allowed to not only lend our shares without permission, but are also not obligated to share any financial gain from doing so. The self reported data given to retail traders by some high name providers a often has mistakes and misreports.
it is such a detriment to retails ability to trade successfully with such lack of transparency, and the proper protections over assets we put our money into.
all of our info is T+2 meaning most times we are already two days behind the market
retail traders are not manipulators of stock, nor do we have the tools or ability to do so....so in a marketplace that is honestly meant to trick and take away from retail....
I truly believe more reporting and holding entities accountable is the way. all retail traders want is a fair playing field where we are given transparent and accurate information. transparency and accuracy empowers investors to make better educated decisions and act accordingly.
the same entities who are asking that you relax oversight, are the wrong voices to listen to.
we have a truly amazing economy that can be so much better, it is not perfect but it is ours. I really hope the SEC will really considers taking these actions. Americas financial institutions are important...but they need transparency and they need accountability, this is the only way moving forward.
thank you for your time, thank you for your consideration - FLO FI