Aug. 16, 2022
August 16, 2022
There has no doubt been a massive surge of interest from the retail community regarding the transparency of trades from major funds, particularly surrounding short sales.
The 15 minute reporting requirement is paramount to the level of transparency that retail investors are eager to see enacted.
In my view, this expanded visibility will make it more difficult for large funds to predatorily short legitimate businesses and disincentivize elongated lending chains that are impossible to track and potentially create disproportionate risk to the overall financial system.
I would like the thank the SEC for their thoughtful rule proposal and am personally in favor of seeing the rule pass as it is currently written.