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.
In laymen's terms may things that should be illegal are legal. Maybe fines instiutions pay, are simply service charges. FTD's, Naked Shorts ect... is akin to counterfit money, and on a grand scale, it devalues the world economy. It devalues every day peoples labor efforts. This rule is one step, JUST ONE STEP, in the right direction. There's an entire flight of stairs, but this can be a good first step.
Sincerely,
A Concerned Investor