Aug. 17, 2022
August 17, 2022 I support transaction-by-transaction reporting because it increases transparency and eliminates the ability to hide behind the aggregate. Transparent markets are freer markets. I also support the 15-minute reporting requirement, as the benefits to the market in preventing fraud abuse of loopholes outweigh the cost to implement. Naked short selling harms true competition and price discovery, and these reporting changes can arm the companies victimized by these harmful attacks by short sellers to better defend themselves. Retail traders will always benefit from increased transparency, as they, too, will be armed with valuable knowledge of the risks they can incur by purchasing and trading securities targeted by short sellers.