Oct. 09, 2022
October 9, 2022 Dear Secretary, I am writing in strong support of rule 10c-1, Reporting of Securities Loans. Before I proceed, I think those who lost the thousands of public comments should be investigated and held accountable. It seems incomprehensible that such a thing could happen in this age of technology and data backups. The SEC should do more than just give a fine to bad actors, and get at the root of the corruption in the financial sector of this country. My trust in the SEC is at an all time low but I fear it may go lower if they do not start caring more for the retail investor and start giving actual punishments to the baddest of the bad actors in this industry. With that said, I want to say a few words about the proposed rule to have more transparency within the market. This rule should be passed so that the SEC can deliver full certainty and transparency to the investors in the US and around the world with regards to their investments as held within the NYSE. Hedge funds should not get special treatment by not having to report on their activities, while the average retail investor is in the dark about what is happening. Transparent markets are free markets. Please take my comments to heart and make sure that the SEC does its proper duty of protecting those most vulnerable in our markets, and stands up to the corrupt actors using sophisticated methods to compromise the integrity of the US markets. SEC, dont be complicit. The watcher is being watched. Sincerely, A concerned citizen