Feb. 26, 2022
Hello SEC, Regarding Section II of the proposed amendment, I am in favor of the proposed amendment to Rule 10b5-1. As an agency, it is great to see the measures that you take in order to preserve the integrity of the markets. One thing I was concerned about for years was the possibility of trading that is either canceled to trade using nonpublic information. I say that the market is free and anyone can have an opportunity to incur gains but it benefits those who have information that they can use as leverage to make significant returns. So I am very pleased that the SEC is taking an approach to propose a rule that will amend Rule 10b5-1. Secondly, I am in support of the proposed cooldown period in Section II A 1. Amending Rule 10b5-1(c)(1) in order to impose a waiting period after a trading arrangement or execution of a trade. Large trades involved in this process should have a cool-down period. I am glad that the SEC is addressing the concerns of the public of the misuse of this rule if nonpublic information is involved. It can prevent unfair trading practices. It also bolsters the SEC's credibility to the public. Thank you for bringing these issues to light and for proposing to amend the rules in order to protect the fairness of the stock market. Best Regards, John Romero