Jul. 30, 2023
To whom it may concern, I have been fortunate enough to find myself a part of a community that puts the regulation of our financial industries at the forefront of decisions and conversations. Because of this, I feel I am adequately equipped as a retail investor to convey my opinion on this rule despite having no relation to professionals in the industry, the party that has thus far been seemingly opposed to this rule. Transparent markets are fair markets. There is no reasonable antithesis anyone can pose to that statement. Institutions have no right to circumvent disclosure, as the only scenario that results from that is the little guy fighting an invisible battle with Wall Street whom is far more equipped than he could ever be. As an industry that provides no real value to society other than manipulating money in their favor, it’s dystopian to think that Wall Street is privy to more favorable rules and lenient regulations simply because they hold X amount of money. I believe the wealth inequality that plagues this nation is in no small part to the greed of these institutions, but the SEC has the power to begin taking steps towards a reality that, at the very least, gives adequate data to all to better help every investor in this country.