February 20, 2022
The two amendments to Exchange Act Rules 21F-3 and 6 should be approved and implemented immediately. Supporting \"whistleblowers\" is an increasingly relevant concern with the widespread financial corruption occurring in the United States.
Specifically, allowing the SEC to consider dollar valuations is important and imperative in uncovering fraud and market manipulation at institutions such as Bank of America, Wells Fargo, Morgan Stanley, and Citadel Securities.
Because the governing agencies of the United States (such as the IRS and the SEC) are unable to enforce the 'rule of law' as it applies to financial institutions, it seems we need to encourage 'vigilante justice' from employees who are at work inside financial institutions that are witnessing and participating in the crimes currently being committed at these institutions.
We might consider the fraudulent activity at Wells Fargo wherein customers were pressed to enroll in financial instruments that were not beneficial to their interests. Customers at Wells Fargo were also signed up for lines of credit without their knowledge or approval. What roles do \"whistleblowers\" play in regards to fraudulent financial activity policy enforcement by the SEC? Is whistleblowing a key aspect of enforcing laws and creating financial justice in the United Sates? The SEC should approve and implement S7-07-22 so that we can find out.
Shelby Coffeecup, Individual Investor