Oct. 08, 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”. Transparency is key to trust. It is now statistical fact that the NYSE, SEC has less public trust than ever before. It is my understanding that this rule will help stop manulative actions used to short a companies stock like "bear runs", "dark pools" or any other action that allows for companies to work in the dark and without true regulation. Getting rid of predatory loopholes or loopholes that can be used for predatory practices. The watch dogs are here now. The moment is now for overtly obvious laws that seek transparency and accountability of marketmakers and other we in trust with our money. It is the way people (millions of people) are asking (demanding) to regain the trust of the people. It's much simpler than politics allow. Transparency. Please understand that it's 2022 knowledge is power and we are not satisfied with "trust me bro" mentality. We need receipts. We need the number sheet. We want to know without the shadow of doubt (the kind that justice requires) that these companies represent the best interest of the American people. And if the companies can not comply we need to know we have a government that will ensure they do. The SEC is playing catch up... the SEC is in the dark. We the people would also like to see accountability of collections of fines to increase as well as the number of fines issued. Pennies on the dollar fines are not affective. Accountability must levy fines and consequences that deter the infractions completely. Sincerely, A Concerned Investor