Oct. 30, 2022
October 30, 2022 The SEC seems to be prioritizing hedge fund comfort and profiteering over investor protection and market transparency. While short sellers might be afraid of short squeezes that can follow the identification of their short selling strategy, that is not a reason for the Commission to decide against greater transparency. If short selling is chilled, then short squeezes and dangerous volatility become less common. Sophisticated investors will quickly learn to avoid positions that could result in such dangerous volatility, which will clearly benefit the market overall. Current hold on swaps data being held from the public by CFTC till 2023 is not only outrageous but protects the already established institutions from hiding their positions which is directly against a fair market. The retail investor is backed down against the wall and no one seems to care. We need to pass such proposals so that the table can tilt to at least pretend to balance the playing field where the ordinary person can have access to data in the fair market, otherwise, what is the point of the existence of SEC?