Oct. 08, 2022
October 8, 2022
The proposed action by the Commission is a good start to much needed reform in how transactions are reported.
Individual investors start out (and remain) at a serious disadvantage to large financial entities in terms of information that pertains to their investments and which players are aligned or opposing them. It is not a simple matter of stock go up if its a good investment given the myriad number of ways large players use gaps in the rules to make money on derivative products and how those uses affect the underlying securities.
Retail investors have been pushing for more transparency for decades and have all but given up hope that anything will be done. Passing this amendment will start the commission down the path of increased public trust and, barring even no other valid reasons (of which there are plenty as other commenters have gone into detail on), this amendment should be passed on that basis alone.