Subject: S7-08-22: WebForm Comments from GENERATION CODE 202210041250
From: GENERATION CODE 202210041250
Affiliation:

Oct. 31, 2022


October 31, 2022

 Hello,

As a passionate citizen of the United States of America, and as someone passionate about the future of this country, I often feel concern over the stability of our financial systems, having myself experienced more than one \"once in a lifetime\" financial failures, especially and very mysteriously around banks that persistently find themselves in cycles of being unable to keep themselves in business, somehow. They're banks. They hold money. How hard could it possibly be?

Apparently hard enough that this same phenomenon happens in the stock market as well. There are rumors of illegal activity within and among the market participants. I'm not here to point fingers. I'm only asking that if we all want to be on the same page, and not just assign blame but fix the problem itself, we must encourage and enforce transparency in these systems. \"If you have nothing to hide, then why keep secrets?\" If the stock market is a place for degenerate gamblers and thoughtful investors alike, then both benefit in the longer term from greater openness in these systems, especially when there should be nothing to hide.

It is imperative that, above all, the involved market participants, and specifically the investing public, retail investors, engage with the market in the assumption of complete transparency. There may be some that will argue that this will reveal vital business strategy. My counter-argument to such claims is simply this: If your strategy relies on opacity, then it is inherently fragile and fundamentally flawed, possibly dangerous to market stability, and should be disengaged. Additionally, if one were to copy-cat such strategy, what would there be to fear if a few firms also found success? The reverse is also true, in that a rival firm's strategy can also be revealed. Transparency is not a unilateral punishment, but an omnilateral benefit.

It is also imperative that short sales, short interest, and swaps must also be reported with utmost expediency. I personally disagree with the concept of a short sale, however I understand that it has utility. It is therefore also capable of being mis-used, and it would be possible to use short sales in an offensive way against the entity the stock represents. All investing entities have a right to the information, all information, regarding a public market.

Considering the above points, it is easy to see that greater transparency in market operations can maximally address the concerns of an investing public that is rapidly losing confidence in these vital economic machines.

Thank you for your attention.
GENERATION CODE 202210041250