July 19, 2023
To the SEC
I comment in support of complete transparency for any corporate positions in swaps, shares, options, shorts and failures-to-deliver.
Transparency is the foundation for a level playing field and an efficient market. As an individual, household investor I am very concerned about the comment letter sent on July 12th 2023 by the Congress of the United States.
What were the first words in our Constitution?
We the Corporations...
At least, that is what the comment letter of the Congress implies, quote: \"While well-intentioned, we believe the proposals could compromise these objectives by releasing sensitive and potentially misleading information to the public. In order to avoid unintended negative consequences, we encourage the Commission to adopt an approach that requires reporting solely for regulatory purposes when finalizing these proposals.\"
I wholeheartedly disagree with the Congress on this matter. Complete Transparency for the people is needed for informed decisions and proper due diligence. Anything less than full transparency of such positions is un-American.
We the People...
The people would never support such a stance against transparent markets.
Let me be perfectly clear: We the people need these data to compete with otherwise more informed market participants. We need these data to be able to do our due diligence.
I urge the SEC to listen to individual investors, the people. Do not listen to comments that argue against transparency and thus, against a level playing field.
Thank you for considering my comment in support of full transparency.
- Florian Rhyn