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.
Transparency means transparency and aggregates are not transparent. Secret short selling could dissuade actual investment as funds attempt to glean profit off the backs of true investors. I personally believe we have leveraged ourselves in such an unhealthy way that it threatens the very foundation of our economy.
Claiming that the cost and effort are justified to prevent fraud and prevent hiding in loopholes. These loopholes are what creates unhealthy leverage that threatens stability. We cannot create unstable situations that further support economic inequality.
Our economy should be placed on the backs of working families so that they benefit from our economic successes as well, not just one single entity.
I hope you consider these comments and make decisions that open Americans and working families towards economic prosperity.
Sincerely,
Dakota Bordelon
A Concerned Investor