Aug. 16, 2022
August 16, 2022 I would like to support transaction-by-transaction reporting because it eliminates the ability to \"hide within the aggregate\" transparency means transparency and aggregates are not transparent. This means that 15-minute reporting requirement, will be massively important. Great publicly traded companies that are victimized of short sales need a greater ability to defend themselves against predators, and that \"short selling in the dark\" harms true competition and price discovery. Most importantly, retail traders like me will benefit from increased transparency. We have a much better idea of the risks of our decisions and transactions. If funds are allowed to short in the dark, retail investors remain dangerously unaware of the risks they take on when purchasing securities. On top of that, new and very desirable phenomenon of the public serving as first-line watchdogs in monitoring short selling data for securities fraud, it allows strengthening the SEC and better enabling it to fulfill its mandate, at no cost. Without these set of rules there are dangers inherent in long, untracked lending chains, that can lead to economic fragility. 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 important than it has ever been. Thanks for your consideration