Subject: S7-08-22: WebForm Comments from Lucas Schwarz
From: Lucas Schwarz
Affiliation:

Oct. 31, 2022



October 31, 2022

 Monthly reporting? By what, the pony express?

It's 2022 and it's time to wake up to broadband people

Monthly reporting was a dinosaur in yesterday's age of instant communication in today's age of retail investing it is just another embarrassing reminder of how the rest of the world has left America behind.

The reporting should be daily at a minimum, but should eventually become hourly.

Furthermore, ETFs should be included under this rule because their exclusion renders the SEC powerless to ban short selling during a crisis, like when in 2008 when the SEC temporarily banned short selling and market participants shorted ETFs with impunity instead.