Oct. 08, 2022
October 8, 2022
I believe transaction-by-transaction reporting is necessary to create more transparent information about companies and the investment into them. Establishing 15 min reporting requirements would make it possible to prevent fraud and any additional cost incured by this rule would be justifiable to prevent hiding in loopholes.
This rule would help working people and families by leveling the playing field so to speak.
It would also give companies plagued by aggressive/predatory short selling a greater ability to defend themselves. Short selling on off exchange or dark pools does not seem to allow for proper price discovery which hurt individual investors and only creates an environment for greater profits for short selling hedgefunds.
Although shortsellers may fear that this rule will create possible \"short squeeze\" identification, it does not make it reasonable to decide against greater transparency. This rule will lead to less aggressive short selling which will result in less likelihood of \"short squeezes\" as investors and shortsellers will learn to avoid positions that lead to dangerous volatility.
This will allow individual investors to get a clear idea as to what has been going on in the dark and prevent them getting into an investment unaware of a large portion of the risk when investing. Granting working families the tools to protect themselves from predation of Wall Street.
This is why I am a strong supporter of transaction-by-transaction reporting being mandated across markets
Thank you for your time and consideration