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. First off, I would like to thank you all for presenting this opportunity to adress such an important topic. I, as an foreign Individual Retail Investor believe it is no secret that there are nefarious actors that are using the lack of transparency related to short selling practices for their own benefit. When short selling practices occur in the dark and 'current' short sale information is provided long after a position has been entered into, retail investors and the like cannot be aware of the risks that they take on when buying securities. I believe you can understand why this lack of information would represent a problem for all investors, who are expected to invest on incomplete and dated short sale information. I strongly support the intraday 15 minute reporting requirement. The cost and effort involved with this is justified to help in early identification of abusive shorting practices, to reduce the ability of toxic market participants to hide behind loopholes and to attempt to prevent such fraud occuring in the capital markets. The proposed rule in its current form would highly benefit retail investors, pension funds and the like from the increased transparency. The rule would provide a better idea of the risks involved with the investment we're making, before it is made. The proposed rule would also benefit regulators in maintaining fair and orderly markets for all participants. I have also noted that a number of large institutions have submitted comments on this rule suggesting it is withdrawn or amended to a more watered down version. This is deeply concerning that professionals active in the field have chosen to counteract a much needed change to information available to market participants. In conclusion, I strongly support the Short Sale Reporting rule in its current proposed format and recommend that this should be enacted in it's current format to help all manner of investors better understand the markets in which they are investing. Sincerely, A Concerned Investor from Sweden