Aug. 16, 2022
August 16, 2022 This rule should be implemented immediately. As an international retail investor, I learned over the last year that the US stockmarket is shady as an back ally casino at best, and a criminal scam at worst. This rule to disclose trades every 15 minutes to the general public will allow for some much needed transparency, as it will bring crime and predatory behaviour to light. Not only will companies who are targeted by predatory shortselling be able to see their opponents and defend themselves, it will be a lot more difficult to cook your books when you have only 15 minutes instead of 2 weeks. The cost and effort to do so is more than justified if the stockmarket is not so easy to use for fraud. No more loopholes. No more hiding in aggregates. It will also make the job of the watchdogs endlessly more easy, and them as a result, more effective. When shortselling happens in the dark, and in illegal (naked) ways, there can't be true price discovery. The sec must know about how the GME saga opened the eyes of many retail investors all over the world, and the image and prestige of the us stockmarket took a big hit with it. Last year I knew nothing. Now I know, it's not a fair, or free market at all. The way it is set up as it is, is like a wounded animal, infested with bloodsucking parasites. I think this rule is a big step in the right direction and I sincerely hope that this rule will be implemented without any watering down. I do understand the implications of this rule. The predatory behaviour that is running rampant in the market will come to a screeching halt. Show the world, and me, that the sec is more than a toothless lapdog. Be the guard you are supposed to be. Remove the parasites, even though they won't be happy about it. Make America proud. The whole world is watching.