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 is key. If we dont have up to date numbers how is an investor supposed to make informed decisions? Working families and the individual investor need to be able to look both ways before crossing Wall Street. Costs and efforts to make the 15 minute reporting requirement are more than worth it to prevent fraud and hiding within loopholes. Short selling companies in the dark is harmful, shameful, and only serves to benefit those who do not need any more benefits. The new rule would also provide any victimised companies a greater ability to defend themselves against predatory short selling, as short selling in the dark harms true competition and price discovery. The enactment of this rule would also introduce the ability for the general public as well as public companies to serve as watchdogs for the SEC 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 are invested in, helping and strengthening the SEC's ability to fulfill it's mandate and to help weed out market participants that are working against SEC rules, all at no additional cost to the SEC. Sincerely, A Concerned Investor