Aug. 16, 2022
August 16, 2022
Thank you for taking the time to read this comment in support of the new SEC rule proposed To change the regulations pertaining to the reporting of securities loans.
I explicitly support transaction by transaction reporting as it hinders large institutions from hiding in the aggregate. More information is always better.
I outright support the proposed 15 minute reporting period. I believe the cost and a fruit or enforcing this Are justifiable in that theyll prevent fraud and the ability to hide in reporting loopholes.
Victimized companies Deserve a better chance to defend themselves. The idea that a small number of extremely large funds no better and deserved a profit off of inside information is naturally against what the market is about. Short selling in the dark pools prevents true price discovery and limits competition.
I feel that this new rule would greatly improve the efficiency of the markets. As the rules stand now, retail is largely in the dark because large funds do not report short positions frequently enough. This would help inform the average investor and bring fairness back to the market.
There is an inherent danger in long, untracked lending chains. Securities lending can hide massively destructive chains of obligation that can lead to economic fragility, as well as threaten our national security. Thank you again for taking the time to read this comment, I hope the SEC will consider these points and realize the great benefits that would come from increasing the reporting of securities loans.