Oct. 26, 2022
October 26, 2022 Thank you for allowing resubmissions of comments regarding SEC's proposal for transparency on short sales. \"Retail investors\" have always been at a disadvantage in stock market investments compared to institutional investors in regards to data, quantitative analysis capabilities, and market influence. We as individual investors have had to rely on data and news from publishers and major media outlets to obtain information that is readily available to institutional investor companies through means such as bloomberg terminals, which cost $24,000 a year to obtain. I was really excited to get into stock investing through platforms such as Webull, which allow for commission free trades (at a steep price) and open up the markets for the average American. However, the cost that comes at front running trades through Payment for Order Flow (PFOF) gives another advantage to institutional investors that helps accelerate wealth disparity in our country. While all these cards are stacked again st the individual investor, access to data is one of the factors that can be fixed. By obfuscating data such as swap positions and short positions, it creates a huge disadvantage to the individual investor. Institutions facilitate the individual investors trades, so they have access to all of our trades and are able to take great advantage to siphon wealth out of the average American who dares enter their territory. By requiring transparency and reporting of short positions from institutional investors, not only would you be leveling the playing field, but making your job of regulating fair and just markets that much easier. I applaud your steps in trying to make a step forward in leveling the playing field to allow the average American the opportunity to have a fair market, and while much more work needs to be done to really bring confidence that participating in markets can be a fundamental part of helping the average American build wealth and achieve the American dream, this is a great step forward. I am in full support of SEC 34-94313 and SEC 34-94314 and look forward to further work in making our markets more transparent and fair for individual investors so that we can properly participate in the markets and build up the American dream. Thank you for your time.