Oct. 08, 2022
October 8, 2022 I am writing in strong support of rule 10c-1, Reporting of Securities Loans. Allowing short selling without visibility harms competition and price discover, as well as prevents timely detection of fradulent activities. Transparency is something that should be welcomed by all investors. In addition, the 15-minute reporting requirement will also help prevent fradulent activities and raise inventor confidence in a shaken market. The reporting requirement will increased visibility will allow investors to make better decisions when purchasing securities. It will also allow investors to determine if short activity is justified or an attempt to artificially force prices down. Transaction-by-transaction reporting helps provide this additional visibility to investors. The commission itself has been aware that short selling can be used to abuse individual investors to illegally manipulate stock prices via \"bear raids\". Rule 10c-1 will help protect investors from this illegal manipulation.