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. As a retail investor in the US Securities market, I've been sickened, dismayed and disheartened by the imbalance of rules and enforcement throughout the entire system. Needless to say, the hedge funds and \"market makers\" have been allowed to operate illegal and shady secondary markets and utilize their clout to avoid and flout any regulations that even begin to impede on their wanton gorging of outright profiteering and fleecing of the entire market. Short sellers are extremely egregious in their contempt for the rules and balance of the market and can continue to harm the investment landscape by hiding their positions behind opaque and byzantine rules and reporting requirements. This needs to change drastically. I am a whole-hearted supporter of real and impactful regulations in our market. This proposed rule will be a good start at requiring real transparency regarding short positions across the market and begin to impart at least a tiny bit of removing a bit of the imbalance that the huge wall street players leverage against all retail investors every single minute of every single day the market is open. We are at a tipping point not seen before with retail investors having far more understanding of the mechanics of the market, the tile that the SEC is supposed to play in actually enforcing the rules against the market players, and the real understanding that the entire market is being unfairly and illegally manipulated for the benefit of a very small percentage of people sitting at the top of the heap. If rules like this are not rapidly rolled out and then ACTUALLY ENFORCED by the SEC, this imbalance of power and profiteering will sink not only the markets but could very well destroy our country and the global markets at-large. I am not asking, I am demanding that this proposal becomes the rule with ZERO watering down by rule breakers like Citadel and the DTCC itself. Thank you for your consideration - I look forward to seeing this rule applies to the markets much sooner than later. Sincerely, John Ramsey A Concerned Investor