Subject: Comment Letter for File Number S7-08-22 Short Position and Short Activity Reporting by Institutional Investment Managers
From: Kyle Hunter
Affiliation:

Oct. 26, 2022

 


We, retail investors, want transparency, control, certainty and trust in our financial markets; we want our interests represented accurately and considered thoughtfully; we want our voices heard and not drowned out by those who profit off of and treat us as products rather than customers.
 
Investors should be offered a choice about how their purchase orders are settled, know when their trades are executed, and that their shares are actually OWNED and TRANSFERED. Investors need visibility into stock loan, margin and netting, short selling and failure-to-deliver processes. Barriers that remove or artificially skew an investor’s choice should be removed from the system without delay. PFOF, Darkpools, DTCC/DTC settlement providing cover for outlandish short positions, IT ALL MUST STOP.
 
A TRULY fair and free market is what we demand, STOP with the obfuscation and re-hypothecation, STOP selling stuff that does not exist, STOP allowing these machinations, and the SEC should STOP THEIR complicity with the financial behemoths.
 
“It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.”― Henry Ford
 
Thank you,
Kyle Hunter