Oct. 08, 2022
October 8, 2022 I beleive that enforcing the 15 minute reporting period and trade by trade reporting is critical to the succesful mollification of the abusive short sellers operating in our markets. Transparency is easy to acheive in today's digital age, and giving access to all participants of the market about risky trades is vital to accurately assessing risk within our markets. the commission, in proposed rule 10c-1 or rule 13f-2 explicitly noted its awareness of the myriad ways in which short selling can be used to abuse individual investors and working families. In proposed rule 13f-2, the Commission said it is ...mindful of concerns that certain short selling activity can be carried out pursuant to potentially abusive or manipulative schemes. For instance, market manipulators may seek to spread false information about an issuer whose stock they sold short in order to profit from a resulting decline in the stocks price. The Commission has previously noted various other forms of manipulation that can be advanced by short sellers to illegally manipulate stock prices, such as bear raids. Allowing investors the transparency to uncover such illegal actions can only help enforce existing rules and proposed ones alike. This short comment was written to be the voice of many other retail investors who are unknownigly impacted by such entities, who would be against it. i implore you to keep the rule strong and the penalties high to deter criminals.