Aug. 16, 2022
August 16, 2022 To Whom It May Concern, I was interested in commenting on this new rule, \"Reporting of Securities Loans\" as it piques my interest as a retail investor. The proposal of a 15 minute, transaction by transaction reporting system would greatly eliminate the ability to aggregate data over a 1 day reporting style. In the aggregate data, much can be hidden, which can be ripe for abuse. The extra burden required to report data on a 15 minute interval is well worth it to prevent such abuses. As a retail investor, with much more transparent data, I am much more easily able to assess the risk of my investments. With the public more easily able to monitor almost real time data, the markets should be even further strengthened with quicker securities fraud detection. Finally, long, untracked lending chains can lead to significant economic instability. Securities lending activity can hide massively destructive chains of obligation that can even be a threat to national security, and so transparency in this area is more im portant than it has ever been. Thank you for your time. - A Concerned Retail Investor