Oct. 12, 2022
October 12, 2022 It is hard to believe that you actually lost previous comments due to a technical error. The optics are horrendous, especially alongside the current perception that the SEC is inactive against predatory short sellers and ineffective in punishing financial violations. If you genuinely intend to rebuild trust in the US financial institutions, this proposal can only be a first step toward gaining the data required to watch over dark pools, FTD reconciliation, price discovery, spoofing attacks, and short selling practices as a whole. I am extremely worried to which degree the SEC relies on self-reported data and even more worried that fines for violations are laughably low, encouraging further corruption. I therefore support any rule that grants the SEC more direct access to data and better tools to monitor banks, brokers, and market makers. They have repeatedly proven that they do not deserve to operate without such supervision, so I hope you will not further stall these efforts and take swift action to save our fragile financial systems and the trust in your institution.