Oct. 08, 2022
October 8, 2022 Dear Secretary Countryman, I am writing in support of rule 10c-1, Reporting of Securities Loans. Rule 10c-1, Securities Lending Transparency proposed transaction-by-transaction reporting of all securities lending activity, every 15 minutes. Transparency within in the stock market is deserved to all investors. Denying us transparency by rejecting rule 10c-1, Reporting of Securities Loans would suggest to me, an investor, an intention to keep truth hidden. I am quite concerned by recent news of the DTCC committing international securities fraud. When I invest in a company, I follow the money closely. The DTCC recently appeared to break the Securities and Commodities Fraud 18 U.S. Code Statute 1348 in the wrongful distribution of stock split-dividend as issued by GameStop. Here's a statement as provided by GameStop to clarify the nature of the request as was issued -https://news.gamestop.com/stock-split/?n, 05/08/22 - and yet the DTC told brokerages in the US, and internationally, to split the GME shares into four, rather than issue dividend shares as per the corporate action described in GameStop's 8-K filing. I have evidence to show this action should have been performed under the DVSE ISO code,but wasn't, and also have evidence to show the DTC instruction also specified ISO-15022 code SPLF (Forward Split) rather than DVSE (Stock Dividend) which cannot be excused an US Imperial/Metric cause of mistake. I even have evidence that DTCC instructed the transaction partner of Trade Republic using the wrong function code. Rejection of a rule like 10c-1, Reporting of Securities Loans might lead to a loss of confidence and trust in the American Markets causing people to withdraw their funds. Not only would that impact the integrity of the NYSE but I should imagine it would have devastating affects on the dollar. Being that I am sure you are every part as invested, being the SEC, in protecting these American markets. Please support the implementation of rule 10c-1, Reporting of Securities Loans. Sincerely, A Concerned Investor