Jan. 05, 2022
In regards to the proposed rule 10c-1, I agree with and implore the SEC to implement this rule. From a personal point of view, I can say that for far too long market makers, hedge funds, and other Madoff types have controlled too much of the monetary power of the United States. The USA is based on freedom, but how the stock market has been used over the past 40 or so years is anti freedom. The previously mentioned hedge funds / market makers / Madoff types Hasbrouck consistently decided what businesses are allowed to continue to exist, while retail investors have lost their financial power to the Goliaths of Wall Street. I believe the SEC is trying to do the right thing with this rule. By publicizing the shorts of these powerhouse companies the American people can see what the companies support and what actions they are taking to either help or hurt these companies. Further I believe a much larger issue with come to a head once shorts are made public, is the naked shorting that is going on with potentially thousands of companies stock. For too long huge investment firms have essentially had a different set of rules to play by. If I did the things they do, I'd be arrested and jailed. When companies stock is used like chips on a craps table in Vegas, and the bets are bankrupting pensions, small business, retirees, and other regular people, to the benefit of a few Madoff types, rules like this must be employed to see the issues.