February 7, 2022
To whom it may concern:
S7-32-10 needs to be implemented TODAY.
I am a husband and father of three. I am an American and raised by immigrants who have always taught me that working diligently and with integrity would lead to success. I watched first hand - as did many others - the market collapse in 2007-2008. The greed and ineptitude that led to that result has instilled in me the notion that rules and regulations are either (a) insufficient, or (b) not being enforced fairly. Having seen the stock price of Gamestop get tanked at the end of JAN 2021, and having watched it through the calendar year, I am of the opinion that there are bad actors who are acting with greed and malfeasance. The fact that reporting is so delayed in 2022 is due to legacy system and requirements. They are ripe for bad actors to take advantage of delays in reporting and the SEC needs to address these issues.
S7-32-10 appears to be a good step towards addressing some of these issues. The SEC should not shy away from its duties to protect the American investor and ensure fair and orderly markets.