February 19, 2022
Hello SEC Members,
It is imperative the settlement cycle gets shortened for many reasons. Firms can manipulate stock price through legal settlement loopholes which drastically harm price discovery. As an individual investor, price discovery is a key indicator that confirms if my investment thesis is correct. Shortening the settlement cycle would force firms to actually deliver shares rather than failing to deliver and further harming price discovery.
I appreciate the opportunity to comment and hope the settlement cycle gets reduced to help the overall market with price discovery.