Jan. 11, 2023
January 11, 2023 There's a lot to parse in this document and I don't have a background in markets, but I did my best to wrap my head around it. By and large I support this rule - retail investors need more transparency into insider buying. Fair markets shouldn't have different rules for the participants when it comes to reporting. Please pass this rule as soon as possible. Please enforce this rule - this is ultimately what matters most, upon passing the rule. If this rule is not enforced in a meaningful way, consistently, then breaking this rule results in a cost of doing business for any entity that find it profitable to disregard and absorb the costs of fines. This happens too frequently in our existing markets and this is an opportunity to improve our markets for the benefit of all lawful participants. The more disclosure that the retail investor has, the better. The SEC needs to step up and protect retail instead of bending to the whim of market makers, hedge funds, and private equity firms.