Aug. 16, 2022
August 16, 2022 As an individual investor, I support transaction-by-transaction reporting because it further eliminates the ability of wrongdoers to hide behind veiled transparency. I also support a 15-minute reporting requirement since bad players (aka shorting hedge funds, brokers, market makers, etc.) can still hide behind a T+1 settlement period with unethical loopholes (selling phantom shares they don't own, issuing IOUs, indefinite amounts of FTDs, etc). Targeted/victimized companies have every right to fight against malicious shorting practices, so the idea that a select few short sellers have the ability to issue trades in the 'dark' is completely absurd. Retail investors already have enough going against them with payment for order flow--what we need is MORE transparency so everyone is affected by the same laws. There is no justice in letting a select few conspirators spiral our country into the dark ages.