Subject: S7-18-21: WebForm Comments from Mike Dougan
From: Mike Dougan
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.

The fact that there is so much accepted financial crime is a major issue. If you need to do something illegal to make a million dollars and the fine for that activity is less than a million dollars without other sanctions or legal actions its just a cost of doing business.

The need for transparency and simplification is vital. The SEC is being lied to, retail investment is being stolen and there is absolutely no action being taken

10c-1 is an important step to creating a fairer system that works for all not just the super wealthy.

Sincerely,

A Concerned Investor