Oct. 30, 2022
October 30, 2022 It is in the best interest of the markets to have more transparency, especially on the retail side. While I don't believe all short sales are bad, I do believe that the current system is operating in the shadows. Short sales are on opportunity to take infinite returns and are a drain on our society. There is clear evidence that I've looked at, and would be happy to provide, that shows companies are able to short stocks and fail to deliver and NEVER return those shares. They essentially borrow so many shares without needing to actually provide a true locate that they break the supply/demand curve and destroy price discovery. This is not fair and our markets need to be free of this. The obvious solution would be transparent reporting on this. While hedge funds and others may argue this gives up their advantage, I would say this should never have been an allowable advantage in the first place. If you can't make money on a lit exchange and without committing fraud, your business should be taken away or closed. Thank you for considering my comments. The SEC should do better by the people of the United States of America.