Subject: File No. S7-01-22
From: Cesarina Olivero
Affiliation: Accountant

January 27, 2022

This new transparency rule will correct the scourge of overstocking, which causes stock price manipulation by market makers and hedge funds through abusive naked shorting and dark pools. Naked shorting creates synthetic shares that can be used to the detriment of companies that entered the market in search of cheaper financing since it distorts the real price of their shares.