Aug. 16, 2022
August 16, 2022 As noted by the Commission in its summary of the proposed rule, this is an opaque $1.5T market with significant effects on the US economy as a whole. Aggregate, bimonthly data is wildly insufficient and exposes all but the largest investors (that is to say, those that benefit from this information imbalance) to significant, and largely unknown, risks. This is to the detriment of a large number of investors, and, as illustrated by recent events, the current reporting rules are actively being exploited in an ethically dubious way and are contrary to the Commission's mission of ensuring fair, orderly, and efficient markets. As an individual investor I strongly urge the Commission to adopt S7-18-21.