Subject: S7-08-22: WebForm Comments from Kyle
From: Kyle
Affiliation:

May. 25, 2022



May 25, 2022

 Dear SEC, thank you for updating this rule, as it has needed an update for many years.

We are currently seeing multiple issues with short sale information and reporting, making it difficult for retail to adequately evaluate the market, especially in a timely manner. Therefor I am in agreement with the Commission's proposal to make short selling information more available.

I am also in support for the new rule-205 that requires the \"buy-to-cover\" order marking requirement for broker dealers, and I applaud the SEC for this commitment for fairer and more transparent markets.


I have also become aware that when disseminating the short sale data to the broader public, the only exchanges that are responsible are NASDAQ and the NYSE, and they charge for this data. Why? I'm not sure, and I'm hoping that this will also be addressed in the future. The broader public needs access to this information, as well as more nuanced information such as how these fees are calculated. How do we know that these fees are fair and justly calculated otherwise?

Please consider these comments. Thanks,

Kyle