Aug. 16, 2022
August 16, 2022 From the perspective of a retail investor with a significant amount of my money tied up in securities potentially sold short, I am in support of more frequent and transparent transaction-by-transaction reporting of short sales. The 15 minute requirement would in my opinion increase available information to all traders in a fair market, and reduce the opportunities for short sellers to hide predatory short selling tactics for extended periods of time. The companies which are extensively shorted would have more accurate price discovery with an increase in short reporting requirements. This is core to an open and fair market in which the company being sold short has a transparent window to defend themselves against predatory market conditions. Being a relatively small retail investor in a sea of large movements and hidden short sells, I have relatively little confidence that my investment is protected. At least being able to see the reported short sales would give me the information that I feel I need to make educated investment decisions. As of now, I have lost much of my confidence that the market is fair and open - aka I do not feel that retail investors are provided with all of the relevant information that should be reported on a regular basis. I am in support of this proposal because I believe it is a step in the right direction towards fair and transparent markets for all.