Subject: SHORTS: Re: Release No. 34–94313; File No. S7–08–22 Short Position and Short Activity Reporting by Institutional Investment Managers
From: Ryan Elassal
Affiliation:

Oct. 29, 2022

October 15th, 2022

Vanessa Countryman, Secretary
Securities and Exchange Commission
100 F Street, NE
Washington, DC 20549-0609

Re: SHORTS: Re: Release No. 34–94313; File No. S7–08–22 Short Position and Short Activity Reporting by Institutional Investment Managers


Dear Secretary Countryman:



I am deeply concerned about the possible misrepresentation of data that the current reporting rules allow. I believe that all of the data in the market should be public and available to all parties, whether they are large funds or retail individuals. Our market is supposed to follow the rules, laws and regulations that prohibit cases where naked short selling, swaps, overselling of securities can undervalue the underlying security. I feel that our market is inherently corrupt and obscures information and data that is either required to be reported or should be on a daily basis. 


All short positions should be tracked and analyzed to ensure that they are not being used in any way that effects the true price discovery of any stock. The fact that there is no limit to shorting a security and that those positions are self reported allow for significant abuse and fraud within our markets. 


Sincerely, 
A concerned market investor.