Oct. 08, 2022
October 8, 2022 Fellow Americans, I support purposed rule S7-18-21 Reporting of Securities Loans. Predatory short sellers are wiping out working-class family's hard earned wealth. In this market short sellers are not looking to make a quick buck and \"fairly\" evaluate a companies worth, they are actively trying to destroy new and old companies ability to service debt and raise capital. Instead of opening a short position down to the perceived fair value of a stock the big firms will continue using their leverage to take the company down to $0 and destroy the company. This hurts our county and epically the everyday employees striving to better the world for their families. The current short selling rules are very opaque and extremely confusing for the average investor and that's exactly why this rule would allow greater and fair transparency into this side of wall street. Thank you, Sam