Aug. 16, 2022
August 16, 2022 Do the inmates run the asylum? Like many recent proposals, this much needed rule is entirety overdo. As supposed watchdogs, it is the main duty of the SEC to protect retail investors and that has not properly occurred for decades (if ever). It is far past any reasonable expectation of time, for the industry to drastically increase transparency for all market participants. Do not let the 'too big to fail' corrupt agents dictate the terms of their release. Market makers and brokerage firms will NOT incur too much additional cost and burden. No one is expecting individuals to report each lending transaction. These are updates to computer programing and as such it is a one-time project. It is imperative that ALL trades are reported to the lit markets in a timely (15 minute) manor. What do they want to hide??? No one is requiring these custodians of our money, markets, and free society to lend shares of stocks. Should proper oversight be such a burden, then they can choose to reduce or minimize their exposure. The real issue is the amount of transactions and revenue being driven through this dark alley of the stock market. The amount of delayed, hidden, and underreported short selling has been a cancer to the American capital markets for too long. The integrity of our economy, our companies, and our society directly correlate to these proposals. Add this rule change to the registrar YESTERDAY