Oct. 08, 2022
October 8, 2022
Im a retail investor and I support this rule because increased transparency allows me to be more informed about potential investment risks. More timely reporting = more timely reactions by retail investors like me.
I say this, trusting sincerely that the SEC really wants to protect retail investors.
Protection would include making retail investors better-informed investors.
As I understand it, this proposed rule would also give companies who are under attack from short sellers the ability to better defend themselves.
For these reasons, I strongly support the 15-minute reporting requirement. The cost is greatly outweighed by the benefit to retail investors and companies.
In fact, I support the requirement of reporting transaction by transaction. That would be true transparency and would greatly decrease the likelihood and occurrence of fraud and of funds trying to profit off of actual investors (as I do not consider short-sellers to be true investors. They are the opposite).
Thank you for the opportunity to comment.