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. I support transaction-by-transaction reporting because it helps eliminate hide within aggregate. It also promotes transparency against secret short selling. Secret short selling could dissuade actual investment and steal profits from true investors. I support the 15-minute reporting requirement that could help against fraud and prevent hiding in loopholes. Victimized companies need stronger abilities to defend themselves against predators. Companies that are victim to short selling in the dark harms their true price discovery and competition. The idea that a small number of short-selling funds claim they know what is best for the market and hurt these companies in the dark is unfair. Secret short selling hurts individual investors in the name of greater profits for hedge funds. A short seller is the opposite of an investor. The SEC seems to be prioritizing hedge fund comfort and profiteering over investor protection and market transparency. The idea that short sellers have a strategy to quell short squeezes is not a rightful justification. If short selling wasnt an option then short squeezes and dangerous volatility would be less common. Experienced Investors will quickly learn to avoid positions that could result in dangerous volatility. This could help the market overall. Retail investors will benefit from increased market transparency. This will help the working families and the individual investor to be aware of the risks of investing in companies that are targeted by short-sellers. If short sellers are allowed to short in the dark, retail investors remain dangerously unaware of the risk they take on when purchasing securities. I support the idea of a new and very desirable phenomenon of public servicing as first-line watchdogs in monitoring short selling data for securities fraud. This would overall help monitor the short selling data for securities fraud, strengthening the SEC and better enable it to fulfill its duties, for free. More timely, and a greater public scale would create a waterfall effect that allows individual investors to analyze data and make analysis publicly for free. The common working families deserve to have this transparency as they do not have the resources to buy data and the time to analyze it. Untracked lending chains are very dangerous to the economy. It can lead to a catastrophic chain of over continuously borrowing that puts our very economy into a fragile state. It is the duty of the SEC to protect individual investors from the dangers of short-selling in the dark. . Sincerely, A Concerned Investor