Aug. 16, 2022
August 16, 2022 Hello there SEC I am submitting my comment on this proposed rule. I support transaction-by-transaction reporting because I believe it eliminates the ability to hide within the aggregate. I believe that companies need a greater ability to defend themselves against predatory short selling via dark pools, as I believe it harms true competition and price discovery. I am also a big supporter of the 15-minute reporting requirement, as I believe it helps prevent fraud and prevent hiding in loopholes. Most definitely worth the cost. As a retail trader I think that the markets need much more transparency. Without it retail traders are left fumbling in the dark, having to trade at much higher uncertainty levels and therefore also risk, when compared to the institutional investors, market makers, and hedge funds. If funds are allowed to short in the dark, retail investors remain dangerously unaware of the risks they take on when purchasing securities. - By making the markets more transparent, retail investors might even be able to act as whistleblowers/watchdogs for the monitering of naked shorting and selling data for securities fraud effectively strengthening the SEC and better enabling it to fulfill its mandate, at no cost. Changes have to be made, and soon. By keeping certain lending chains in the dark and untracked, we risk economic instability. Securities lending activity can hide massively destructive chains of obligation that can even be a threat to national security, and so transparency in this area is more important than it has ever been. (My real phone number is [redacted] but the system would not accept it, so I've just put in the same number as shown in the example text.)