Oct. 08, 2022
October 8, 2022
I as a retail investor I explicitly support transaction-by-transaction reporting because it eliminates the ability to hide within the aggregate\" transparency means transparency and aggregates are not transparent.
I as a retail investor I explicitly support the 15-minute reporting requirement, because the cost and effort are justified to prevent fraud and prevent hiding in loopholes.
As a retail investor I strongly feel that victimized companies need a greater ability to defend themselves against predators, and that \"short selling in the dark\" harms true competition and price discovery. The idea that a small number of short-selling funds know best\" and can hammer unsuspecting companies in the dark is shameful.
I truly believe retail will benefit from
increased transparency. We have a much better idea of the risks of our decisions and transactions if we can see who has targeted which companies. If funds are allowed to short in the dark, retail
investors remain dangerously unaware of the risks they take on when purchasing securities.
This can serve as a new and very desirable phenomenon of the public serving as first-line watchdogs in monitoring short selling data for securities fraud, strengthening the SEC and
better enabling it to fulfill its mandate, at no cost.
There are significant dangers inherent in long, untracked lending chains, that can lead to economic fragility. Securities lending activity can hide massively destructive chains of obligation
that can even be a threat to national security, and so transparency in this area is more important than it has ever been.