Subject: S7-11-23: Webform Comments from Andrew O'Donnell
From: Andrew O'Donnell
Affiliation: Household Investor

Jul. 30, 2023

I support this rule. 
As a household investor, I have concerns about the stability of the
markets.

Brokerages have a proven record of taking on irrisponsible amounts of
risk knowing that they're unlikely to ever face consequences from
regulators or authorities should things go south.

Forcing them to report daily is an improvement, though I wonder why
these computations cannot be done continuously, it'll be data
streams that brokerages will already be utilising internally. I'd
encourage The Commission be extremely dubious of any bleating these
entities make about reporting requirements being burdensome.

Shine a light on these people, the amount of secrecy afforded to large
financial entites is astonishing given that it's their activity
which apparantly underpins the entire market. If they can operate
without oversight then they will take stupid risks, again, and will
plunge us all into economic oblivion, again.

The SEC's current trend of pushing rules to increase transparency
is laudable.
Thanks for Reading.