January 22, 2022
Thank you for this opportunity to comment in the process. For too long the markets have operated with a major lack of transparency and or oversight. they are broken and a majority of any warm-blooded investors know it. there needs to be more open reporting requirements on share lending services/programs and shares sold short tracking and reporting. it should be updated in timely fashion (IMO daily) where REG SHO can and will be enforced and open to public records for transparency. long positions by institutions are required to report with 13f fillings (deadline time needs to be cut to days after transaction) but where is the reporting requirements for shorting? if it's required for longs positions then shorts shall be too. this also should include options contracts/ derivatives. share lending and shorting have their place in the market but by just assuming market participants will be fair and honorable to rules and laws when there is money to be made is just Nieve. liquidity for HFT consumes enormous share amounts and yet to keep things flowing finds shares yet when seemingly or documented there is or shouldn't be available. everyone knows with digitals systems anything wanted bad enough can be created out of thin air by keystroke or mouse click. Nefarious actors with conflicts of interest are running the show(markets). there are shares traded in volume multiple times a company's\" own float or outstanding. or shares held under strong investor sentiment yet hft and liquidity runs like there is a fire sale all day every day. its 2022, about time to use current technology and bring our markets into the light showing the rest of the world we can and will cleanup and have the best and legitimately open fair markets anywhere in the world. i ask that these new lending requirements move forward as soon as possible and be implemented. currently there is no recourse that i know of for an individual investor to audit their holdings at a firm or broker to verify that their property (shares etc.) isn't being loaned out behind their back if wish to not participate. which is what i and many believe is happening to most Ira accounts holdings in the past and yet still today some players have been caught in the past naked shorting and others loaning out shares against their customers will breaking their fiduciary responsibilities. for the prospects of a better future and stronger markets please pass and implement Rule 10b5-1. thank you