Aug. 16, 2022
August 16, 2022 I've gone through and read the proposal. I've also read comments by other people, and the larger institutional investors. From what I've gathered, this proposal will help true price discovery. It will help protect retail from malicious attacks on the securities they hold(due to more transparancy and 5he effect it would have on certain individuals using retails shares against their will). It would allow retail to properly assess the legitimacy, value, and safety around investing in securities market wide. This is all good for retail, but after reading the comments from institutions and those speaking on behalf of them, it sounds like it will hurt the bottom line of their balance sheets. By pointing this out, it proves how much institutions rely on such destructive market behaviour for the sake of their bottom line. Borrowing shares against the will of retail via street name brokers, and not having to report them for days on end while abusive short selling is taking place, manipulating the security \"in the name of liquidity\" is absolute bogus. If transparancy will negatively impact large abusive short selling positions, than maybe it should never have been allowed in the first place. The entire world is looking at the US market right now, waiting for regulators to tighten things up like this. Markets should be: -Transparent -Free to access any information(including options,swaps, short positions and any derivative of the sort) -fastest settlement feasibly possible This proposal covers some of these major issues which are holding back the average citizen from making safe, and informed investments. I think this proposal would benifit the market entirely in the short, and long term, and would help weed out bad actors benifiting from the shadow world they operate in, causing systemic risk within our financial system.