Aug. 16, 2022
August 16, 2022 Reporting every transaction and in the shortest intervals, not to exceed every 15 minutes, is a sure way to ensure more transparency in the markets. Delaying of real time data, is how the problems that we now have with reporting, were born. The individuals who benefit from the rules of transaction-by transaction reporting, will be better able to contribute to prevent fraud and monitor marketplaces for irregularities, and predatory behavior. Reporting in shorter intervals provides a great wealth of information for investors to analyze and learn from. The utility and market demand for eliminating delays in reporting, has never been higher in history, than right now. Issuing companies as well as retail investors, have been actually harmed by the absence of transaction-by transaction reporting. The current reporting rules are examples of methods which Funds use to continue exploiting advantages in the market, at the expense of the investors. Price discovery shall be found most organically, not through Funds and Funds Managers, but through investors, primarily individual investors. The SEC should provide as short as possible implementation period for final rule making, and issue guidance immediately, in order to accommodate an urgency of need, and to avoid any delays. In the spirit of the larger purpose behind the intention of the existence of the SEC and its guidance, the weight of the rules should lean in favor of the general public individual investor. And when ever possible, shall limit the advantages of the fund managers and market makers, and reserve the power of information and disclosure be in benefit to the people.