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.
Predatory short-selling in the marketplace is very easily hidden in Dark Pools off of the lit exchange. As a result, companies are unable to defend themselves against such actions and can quite possibly never be positively affected by price discovery.
From a transparency standpoint, a free and fair market would benefit from FULL TRANSPARENCY if these types of transactions are public for investors to make more educated investments.
Funds have all of the tools they want to use and retail is steps behind. Without a 15-minute reporting window for funds or necessary disclosure, the SEC is enabling these bad actors to continue their predatory actions.
In turn, public interest will be lost across the globe.
Companies will move away from the traditional market ecosystem and move toward a true free and fair market that avoids a monopolistic approach that the centralization of the DTCC provides.
The self-governing DTCC being comprised of all of its members creates an inherent conflict of interest that imbalances the playing field.
With the age of technology flourishing, this too means that the average investor will have more access to information even if it means an understanding of these predatory actions but no way to fend for themselves and their own investments.
Retail investors and their participation in the marketplace is of the utmost importance to the average American that cannot afford to have money managed by third parties.
Sincerely,
A Concerned Investor