January 7, 2022
Please accept these comments in support of Proposed Rule 10c-1.
It is my opinion that the Proposed Rule accords with the stated mission of the SEC \"to protect investors maintain fair, orderly, and efficient markets and facilitate capital formation\" and \"promote a market environment that is worthy of the public's trust.\"
Reduction of information asymmetries through increased transparency and timely access to information is of great interest to me as an investor. There are increasing numbers of participants entering the market ardently committed to conducting due diligence that shapes their investment decisions. The opacity of current conditions and information imbalance is arguably more apparent than ever due to the broad exposure of research from non-institutional investors. Conditions that fail to protect all investors threaten to erode the public trust in market fairness, order, and efficiency. Still, securities remain a viable means for capital growth and formation, especially in a low interest rate environment. Efforts to fulfill the Congressional mandate of the Commission to promulgate rules that increase transparency is essential at this important historical juncture.
I urge the Commission to act in accordance with Section 984(b) of the Dodd-Frank Act and promulgate Rule 10c-1 with the intent of promoting transparency, access to complete information, and price discovery with respect to securities borrowing or lending.
Thank you for the opportunity to comment on the Proposed Rule.