Oct. 08, 2022
October 8, 2022
I am writing in STRONG support of rule 10c-1, Reporting of Securities Loans. Rule 10c-1, Securities Lending Transparency proposed transaction-by-transaction reporting of all securities lending activity, every 15 minutes.
The below (in your own words) is happening, ad nauseam, in a multitude of nefarious/obfuscated/hidden ways, and YOU have the means to plug the leaks (loopholes), if you want to do the right thing, so STOP it:
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 stocks 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.