Aug. 16, 2022
August 16, 2022 I am a Retail Investor and the following are my comments on S7-18-21. I support transaction-by-transaction reporting as it furthers transparency. Cost and Effort of Fraud prevention should be part of the rules to play 'the game', therefore the 15 minute reporting requirement must be put in place. We must have TRANSPARENCY in our markets to allow for a fair market. \"Short Selling in the dark\" Dark Pools harms competition and harms Retail Investors from getting the best price on market for a security. Certain large firms that trade Securities know better and have access to markets with which retail does not have access to. The market as a whole will benefit from increased transparency, only those who are acting nefarious will be hurt by this, and these are who we are trying to keep from our markets. If Retail knows large firms are in a short position that can influence the price they can better judge the market and security. With Retail being interested in short selling data that means there will be more eyes on the bigger institutions for securities fraud which can strengthen the SEC and help enable it to fulfill its mandate. Transparency will help the markets in the coming years as the build up of long, untracked lending chains (Swaps Derivatives ISDA) can lead to economic fragility and can be a national security of many countries.