Aug. 16, 2022
August 16, 2022 Dear SEC, As a retail investor, it is my duty to make sure that I am sound with my investments and invest in good faith that the system is fair and true to all individuals. It is critical that the SEC should explicitly support transaction-by-transaction reporting because it eliminates the ability to \"hide within the aggregate\" transparency means transparency and aggregates are not transparent. I want to see the truth on what these \"market makers\" are doing. The SEC also needs explicit support the 15-minute reporting requirement. The cost and effort are justified to prevent fraud and prevent hiding in loopholes. These loopholes that firms use have destroyed the market multiple times, ultimately devastating lives and the economy. Victimized companies need a greater ability to defend themselves against these unlawful predators, and short-selling behind the scene harms true competition and price discovery. The idea that a small number of short-selling funds \"know best\" and can hammer unsuspecting companies in the dark is shameful. As I mentioned before, as a retail investor, I would have much better idea of the risks of our decisions and transactions if we can see who is targeted which companies. If funds are allowed to short in the dark, retail investors remain dangerously unaware of the risks they take on when purchasing securities. Again, I have mentioned the law breaking and loopholes these firms hide behind have left the economy and international economy in turmoil. Many of the times that has happened is because of the long, untracked lending chains. 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. Without regulation, who would ever trust investing again? Thank you, Paul Vela