Subject: My view on Rule S7-2026-15
From: Michael Smith
Affiliation:

Jun. 13, 2026

To the Securities and Exchange Commission:
The proposal would severely reduce market transparency, delay the dissemination of material information, and lead to fewer data-driven updates for shareholders. All while politicians, and others on the inside can still get all that information, not only is this unfair, it should be illegal. Sure it eases the burden on small companies/businesses, but at what cost.