Aug. 16, 2022
August 16, 2022 Hello, In a market that is meant to be free and accessible to all Americans, it should go without saying that information should be also as free and accessible to everyone. We live in a digital era where information can be sent in fractions of a second. Where information quickly received can be quickly reacted to. The proposed rule is important to having retail investors and other institutions have access to more frequent data, especially on short sellers positions. It also significantly reduces the time short sellers have in manipulating and hiding their positions. These bad actors currently have the luxury of needing over 2 weeks to report their positions. The proposed rule also makes the marketplace more transparent. Any bad actors, any data that does not make sense can be quickly accessed, compared, and reported to the SEC and FINRA. The only individuals opposed to these rule changes are those who stand to benefit from it being rejected due to self interest. They would benefit to not having to lay their cards out on the table, to let everyone know exactly what it is they are doing. Retail investors are in the dark on most market data, because there is a lack of transparency and tools for retail investors to utilize. This rule would help further level the playing field and encourage honesty and integrity in the market.