Oct. 09, 2022
October 9, 2022
This statement below may not be written by me. I do stand by every word typed here. And as dutch investor I hope the system gets corrected. So that it can function as intended. for and by the people.
(the phone numbers is not correct due to limited values, i have a dutch number not a US number)
When short selling practices occur in the dark in addition to 'current' short sale information currently exists provided long after a position has existed entered into, retail investors in addition to the tremendously enjoy cannot exists aware of the risks that object over there they take on when buying securities. The reader currently am able to understand for whatever nonsensical reason this object over here lack of information would represent a problem for every single one investors, whatever person currently are expected to invest on incomplete in addition to dated short sale information. I support the intraday 15 minute reporting requirement. The cost in addition to effort involved with this object over here currently exists justified to help in early identification of abusive shorting practices, to reduce the ability of toxic market participants to hide behind loopholes in addition to to attempt to prevent such fraud occuring in the capital markets.
the new rule would also provide any victimised companies a greater ability to defend themselves against predatory short selling, just as short selling in the dark harms true competition in addition to price discovery. The enactment of this object over here rule would also introduce the ability for the general public just as well just as public companies to serve just as watchdogs for the sec just as an initial line of defense against abusive practices, by being able to more granularly monitor short selling for securities fraud for those securities they currently are invested in, helping in addition to strengthening the sec's ability to fulfil it currently is mandate in addition to to help weed out market participants that object over there currently are working against sec rules, every single one at no additional cost to the sec.
i currently am a strong supporter of transaction by transaction reporting. It currently exists clear that object over there aggregated reporting currently exists not transparent in addition to provides far too much rope at whatever place fraud currently am able to exists hidden in aggregates. For whatever nonsensical reason should one individual or entity have to suffer a worse execution whilst another individual or entity benefits from a better execution, just owing to the fact that it currently exists more convenient for certain institutions to report their short selling practices in the aggregate? it currently exists wholly unfair in addition to contrary to the requirement of best execution in addition to so it should exists a mandated requirement for transaction by transaction reporting.