Aug. 16, 2022
August 16, 2022 No aggregate reporting Fund managers must be more accountable. The current proposal doesn't go nearly far enough. Retail investors want up to the minute reporting. Retail investors want transparency. Retail investors want to be in the informational loop. A 15 minute reporting requirement is a good thing. The cost and effort to properly report activities are justified because eliminating loopholes prevents fraud. Removing the possibility of fraud results in fairer markets. Retail supports 15 minute reporting. Transaction by transaction reporting is a good thing. All activities should be reported as they happen summaries would open the door to omissions of information, which can lead to fraud. Being able to short sell in the dark harms true competition and price discovery. Also, if funds are allowed to short in the dark, retail investors are dangerously unaware of the risks they take on when purchasing securities. The idea that short-selling funds know best when it comes to strengthening price discovery and market efficiency is not only insulting, but shameful. Complete transparency is the answer. Retail supports transparency. Finally, the more information retail investors have, the greater the allies we can be to the SEC as front line watch dogs. Having more eyes monitoring short selling data for securities fraud, at no cost to the SEC, benefits everyone.