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.
Victimized companies need a greater ability to defend themselves against predators. I can see why short sellers would want to hide the data about their short trades, There is Infinite downside potentially to their trade. On the same side there is the potential to make tax-free profits by taking the money from the short trade and never closing that trade.The current system incentivizes hiding any and all data about those trades using complicated financial systems. Being able to more closely monitor the transactions of short-sellers will help foster true competition and price discovery as well as help the SEC weed out companies that are working directly against SEC rules. In short, I am a strong supporter of transaction by transaction reporting.
Sincerely,
A Concerned Investor
JF