Subject: S7-18-21: WebForm Comments from Jin Lee
From: Jin Lee
Affiliation:

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.

Short sellers are not investors in companies, they provide no tangible benefit to the way the stock market functions, therefore should not be allowed to operate in the United States of America, just like most other leading countries in the world where short selling is banned. Short sellers, specifically hedgefunds and market makers like Citadel Securities led by Ken Griffin, are putting working families and retired taxpayers wealth and livelihood at risk. They are using the stock market as a casino by manipulating market prices behind closed doors where they are expected to self-regulate. If they were truly self-regulating then there would be no aversion to system transparency and would not operate in dark pools or naked short-selling. These hedgefunds and market makers are a DISGRACE to the USA and putting the world economy at risk and making billions, if not trillions, in profit all of which are coming from the pockets of hard-working global citizens.


Sincerely,

A Concerned Investor