February 20, 2022
I would like to thank the SEC for the opportunity to allow the public on matters that will truly impact our lives.
In regards to the 'Proposed Amendments' and 'Enhanced Disclosures' to Rule 10b5-1, I am in complete favor these amendments and disclosures. There must be safeguards to ensure that any market transactions, including within companies themselves, are done without any malicious intent and properly recorded to ensure no information is hidden that may allow individuals to undermine employees and invested shareholders.
Companies (For example: Starbucks, McDonald's, ExxonMobil, etc.) have always complained about not having resources to implement these changes however, see no issue in announcing increased quarterly profits and raising their C-Level personnel salaries continuously, which as happened in 2021 and 2022. If companies are able to earn these profits, then those same profits should be invest back into the the employees that helped earn those profits and enhance their company's audit reporting to ensure no illegal action takes place.
Please implement the 'Proposed Amendments' and 'Enhanced Disclosures' to Rule 10b5-1 as soon as possible.
Thank you for your time.