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.
Short selling does not currently have adequate oversight, which leads to the blatant abuse of both companies and investors. A fair market is one where everyone has access to the same information. By providing an explicit avenue to hide crucial information, like true short interest percentages, you open the door to a fraudulent market.
Please approve this regulation and increase transparency in the market.
Sincerely,
Zachary A. Kearnan