Oct. 08, 2022
October 8, 2022 As an individual investor given the limited data we are provided I support, explicitly, reporting of each and every transaction. The costs of implementing 15 minute reporting is negligible when compared the the fraud it will prevent. Working families are hurt by short sellers predatory practices which are enabled by the lack of reporting in the current system. Short sellers capitalize on a companies failure. Off exchange trading dominates the market and harms true price discovery. \"Providing liquidity\" seems to be another term for rehypothecation. This is harmful to retail investors and shorted companies but beneficial to the short sellers. Short sellers do not want transparency to hide their strategies from retail but it is retail that is harmed by these strategies. If short selling was reported there would be less risk and volatility in the markets. Faster reporting will allow families to make more informed decisions on their investments. The public can assist in monitoring short selling data at no cost to the SEC, because we had to donate coffee and cups so you could make that commercial. Individual investors could then analyze, crowdsource and share the data. With the current untracked securities lending chain wreaking havoc on our markets greater transparency is needed more than ever.