Aug. 16, 2022
August 16, 2022 I believe it is of the utmost importance to require trade by trade, every 15 minute intraday reporting on these positions. Companies deserve more transparency about who is trading against them. Increased public data prevents any bad actor or actors from abusing the system. Any claims about the weight of increased costs due to reporting, from firms with multiple TRILLIONS of dollars in AUM, is an absolutely laughable position to even put forward. Their mothers should be ashamed of them for telling such bold faced lies. It will probably be a mostly automated process that will add a negligible cost of doing business which theyll pass on to their customers anyways. Report every trade intraday every 15 minutes. For the good of the American economy, and the country as a whole.