Oct. 30, 2022
Average Joe here, I'll keep this short with a few bullet points. -Short selling has serious consequences on the world at large. Shorting a company into the ground just for a shorting hedge fund to make a fast buck not only destroys businesses, it destroys the lives of everyone employed by said businesses. -The commission must require DAILY PUBLIC reporting of short positions. Not monthly, not weekly... daily. Free and open to the public. This includes intraday reporting of lending AND daily reporting of short positions. -ETFs must be included in the rule, they are an obvious (and quite childish) loophole that allows them to short vulnerable stocks and get around current regulations. (In other words, whether you hit something with a steel, brass, or copper bat, you are still hitting them with a deadly instrument) Help build dreams and lift up lives... not line doner #5s wallet by looking the other way and then giving them a 20-year chance to escape. Only to then fine them $20 per infraction.