Subject: S7-18-21: WebForm Comments from Azam Chishty
From: Azam Chishty
Affiliation:

Oct. 08, 2022



October 8, 2022

 October 8th, 2022


Vanessa Countryman, Secretary
Securities and Exchange Commission
100 F Street, NE
Washington, DC 20549-0609


Re: Reporting of Securities Loans (File No. S7-18-21)




Dear Secretary Countryman:


I am writing in strong support of rule 10c-1, Reporting of Securities Loans.



When short selling practices occur in the dark, many investors cannot be aware of the risks that they take on when buying securities.

I support the intraday 15 minute reporting requirement.

The new rule would also provide any victimised companies a greater ability to defend themselves against predatory short selling, as short selling in the dark harms true competition and price discovery.

I am a strong supporter of transaction by transaction reporting. It is clear that aggregated reporting is not transparent and provides far too much rope where fraud can be hidden in aggregates. It is wholly unfair and contrary to the requirement of best execution and so it should be a mandated requirement for transaction by transaction reporting.

Sincerely

A concerned investor