March 31, 2022
Good morning.
I'm an investor in Spain and I'm currently investing in the USA's stock market.
I think that Rule 10c-1 are always welcome by retail because I strongly think that there are issues related to Securities Loans.
Not to mention that the currently available data on loans from private vendors is expensive and incomplete because it's limited to some market participants.
Approving this rule and similar ones, will improve the price discovery not only for lending securities but in the market as a whole.
Probably if tihs information is released daily, all participants will be informed properly about the current situation of the market.
Please make sure not to leave any kind of exclusions when it comes to the Lenders and categories because some participants might try to exploit these considerations.
When approved, I really hope that the SEC enforces this and the rest of the rules you're working on. Some punishment that comes to mind is barring participants from the industry, actually collecting the fines (I've read that most of the fines levied by that SEC aren't collected) and also making sure that these fines are a real deterrant, not some mild speeding ticket that bad participants would gladly pay as the cost of doing business.