March 30, 2022
I've been an investor in multiple stocks of companies based on the USA for more than a year now.
I totally support the rule Rule 10c-1 related to the Reporting of Securities Loans because the current solutions come at a high price (that cost could be actually invested in companies rather than paid on some expensive service) from private vendors such as ORTEX, these services quite often turn out to be incomplete, innacurate and sometimes even weeks old, which don't really help with decision making in the markets. In all honesty, these things erode the trust I have in the USA's market.
I do believe this rule would lead to an improve in price discovery in the broad market, not only for security lending.
I don't think excluding certain types or categories of Lenders would be a good idea because loopholes may be used to create incomplete or even misleading information.
About the questions: \"Are there methods for the Commission to improve transparency in the securities lending market other than requiring Lenders to provide the material terms of a securities lending transaction to an RNSA? If so, how would the commenter suggest improving transparency in the securities lending market?\" I believe this rule must be strictly enforced, and any misconduct be fined with a similar amount to the profits or gains obtained from not accurately reporting within the defined time frame. it'd also be interesting to bar individuals participants who are caught in those practices in order to really deter them from doing so.