Oct. 30, 2022
My comment is the text body of this email. Volatility is the enemy of peace. And having hidden short positions compromises the SEC's own ability to litigate and manage the risk of not only the United State's markets, but the cascading effect it clearly has on global trade. The shorting of USA securities is a national security risk. The devaluation of bonds or unexpected and unexplained movements of the markets can cause the illegitimate death of companies and the starvation of nations that depend on fair valuations and consistent buying power with the US dollar and their own currencies. Linear numbers drive linear behaviors. If a large institution can operate in secret to any capacity for a profit, then they will. That is the point of banks and large corporations - to make a profit. And they make profits off the banks of retail traders who cannot access their data or manage risk to the same magnitude that they can. Undisclosed short positions paired with "Short and distort media" such as Jim Cramer can be statistically proven to destroy legitimate competition in the market, and fleece individual traders who rely on mainstream information. Making money on the suffering of companies encourages destructive behavior where board members and executives act in bad faith in order to take on unpayable debt, in order to weaken the company so it can be bought for pennies on the dollar. Any private trade can shift the market unfairly. It also encourages monopolies as a large corporation can secretly shift the market to make smaller companies seem unprofitable or unpopular, while making money on the downside and being able to control the upside. In other words - Market manipulation. Long positions are publicly disclosed. There is no mathematical reason that short positions should have a strategic advantage of being secret. ~C