Subject: Re: Reporting of Securities Loans (File No. S7-18-21)
From: Matty Wales
Affiliation:

Oct. 08, 2022

 

 I agree with and support the 15 minute requirement. This will allow fraud to be caught better and will prevent loopholes from being utilized.

The transaction-by-transaction will allow better transparency which is what the market relies on.

Retail will benefit from this heavily as we will have better insight into the companies we invest in.

Overall, this new proposal is a very good step forward. I am glad that the SEC is looking out for retail traders, and are finally cracking down on those who may be taking advantage of the loopholes caused by the current rules. 

Sent from my iPhone