Oct. 08, 2022
October 8, 2022
I support enhanced reporting of loaned securities for the following reason:
The 15 minute intraday reporting requirement will serve as an early warning system to identify short selling abuses and support fair markets for individuals investors.
With the following supporting statements:
\"the Commission, in proposed rule 13f-2, explicitly noted its awareness of the myriad ways in which short selling can be used to abuse individual investors and working families. In proposed rule 13f-2, the Commission said it is ..mindful of concerns that certain short selling activity can be carried out pursuant to potentially abusive or manipulative schemes. For instance, market manipulators may seek to spread false information about an issuer whose stock they sold short in order to profit from a resulting decline in the stock's price. The Commission has previously noted various other forms of manipulation that can be advanced by short sellers to illegally manipulate stock prices, such as 'bear raids.'\"