Aug. 16, 2022
Dear SEC, I want to voice my support for an increase in transparency for the financial markets. If anything, this 15 minute reporting requirement is not strict enough Why not instant? It is all digital text and numbers, why is there a need for a delay? This data should be tracked already. Publishing it would be a relatively simple task given the massive size of the companies involved. I should know, that kind of coding is what I do for a living (Data Engineer). The companies involved will complain but transparency, and by extension, accountability should be the price of admission to operate in our market. I mean, the whole concept of investing is based on risk management. Shouldn't more data help improve risk assessments which benefits risk management? Companies/bad actors cannot be held accountable if we literally cannot see what they are doing. More transparency only benefits the public/retail and only harms scammers. That is a win-win to me. Again, transparency, and by extension, accountability should be the price of admission to operate in our market. If the data is public you will have hobbyists and professionals alike happily combing through the data FOR YOU They could help find fraud and fight crime at no cost to the SEC. The \"free market\" isn't free, if the public cannot see. Thank you for reading this.