Subject: File No. S7-20-21
From: Lucy C.

January 23, 2022

Retail investors need greater transparency within the trading market.

Half of the people in political positions dont even follow the current rules of reporting. Penalties need to be higher. They can obviously afford the extra charge

They shouldnt be allowed to trade until after the insider information becomes public. In addition, we need a shorter time frame to see the filings.

And the hft system, dark pools and trading between one another is not an even playing field.

They are playing with my 401k and pension money that Im not even allowed to touch to make themselves richer while I have to struggle and bust my butt everyday.

How can hard working Americans trust this corrupt system or even want to invest a little extra as a retail investor?