Oct. 17, 2022
Vanessa Countryman, Secretary Securities and Exchange Commission 100 F Street, NE Washington, DC 20549-0609 Re: Reporting of Securities Loans (File No. S7-18-21) Dear Secretary Countryman: I am writing in strong support of rule 10c-1, “Reporting of Securities Loans”. In a few weeks, I will be 60 years old. With the exception of the last 2 years when I started to invest to help me survive my retirement years, I actually believed the USA was the best place to live and be able to have a comfortable life by working hard. Instead of living the American dream, I have now realize I having been living an American nightmare. It’s bad enough that the top 1% has been writing the rules for Wall Street, but they are bending them whenever they like. There is no transparency with their actions. The SEC is accountable for what these crooks have been doing and are still doing. Over the past 2 years, you have done nothing to change this bad behavior on Wall Street! You have an opportunity to stop this bad behavior and give EVERYONE a fair chance to make money without having to be a crook. * Make their actions transparent. * When they are caught, punish appropriately. Throw them in jail or hit them with fines that match the amounts of money that was stolen from others. * Recognize their actions when they are exceeding what is expected. I have been a change management practitioner for many years. You have to replace any vague policies with very specific ones which includes what will happen if not done. Sincerely, A Concerned Investor