Oct. 08, 2022
October 8, 2022 I agree with the proposed new rule change requiring Transaction by transaction reporting of all securities lending activity every 15 min. Lets just start at the basics. I keep my shares in my broker who have the right to loan my shares without my knowledge to hedge funds so they can short the company and supporting. The broker gets a fee for the loan and the hedge funds win by shorting the company into the ground without even purchasing the shares. In what realty are we living in that, me who purchases something with my hard earned money gets railroaded by everyone. This system is set up against the average investor. This new rule is a start to bring to light the way share lending is abused to help short side of a trade. I explore you to implement this rule and show retail investors you are serious about market transparency. Thank you for your time.