Oct. 31, 2022
October 31, 2022 Let me start off with saying that I appreciate the recent activity from the SEC in its attempts to modernize the rules governing the financial sector and I hope the SEC keeps up the good work. The public deserves access to current data in a transparent manner, without which the public could be blindsided by failures in the market such as was the case with Archegos Capital. We the people should not have to worry about potential ticking time bombs lurking below public perception. Perhaps the reporting threshold should be lowered, and it should apply internationally to avoid cross border evasion. Also, the entire portfolio should be considered for determining reporting requirements, as a piecemeal approach would allow entities to go against the spirit of the ruling and stay under the public's radar. As wide a net should be thrown to bring as much data as possible to the surface daily, to empower we the people to protect ourselves and the companies we own from hostile actors. The more eyes that can access the data, the more we can expose fraud within the markets and truly assess assets in accordance with our risk tolerance. The time to act is now, as yesterday is already in the past, so please finalize this ruling as soon as possible and thank you for all you do.