Subject: S7-18-21: WebForm Comments from GENERATION CODE 202210041250
From: Generation Code 202210041250
Affiliation:

Oct. 18, 2022

October 18, 2022

 Hello,

As a passionate citizen of the United States of America, and as someone passionate about the future of this country, I often feel concern over the stability of our financial systems, having myself experienced more than one \"once in a lifetime\" financial failures, especially and very mysteriously around banks that persistently find themselves in cycles of being unable to keep themselves in business, somehow. They're banks. They hold money. How hard could it possibly be?

Apparently hard enough that this same phenomenon happens in the stock market as well. There are rumors of illegal activity within and among the market participants. I'm not here to point fingers. I'm only asking that if we all want to be on the same page, and not just assign blame but fix the problem itself, we must encourage and enforce transparency in these systems. \"If you have nothing to hide, then why keep secrets?\" If the stock market is a place for degenerate gamblers and thoughtful investors alike, then both benefit in the longer term from greater openness in these systems, especially when there should be nothing to hide.

Therefore, I support transaction-by-transaction reporting. If inefficient blockchains can do it as a distributed worldwide network, then surely the greatest computer systems in the world can mimic the same behavior more efficiently as singular-purpose processing centers.

Moreover, a 15-minute reporting requirement should be effortless when considering the very same processing centers, as it can be easily generated by a very small auxiliary system, speaking from a data processing background.

The increased transparency will be a benefit to investor and business, the very entity that the stock represents. Companies will be better able to respond to the needs of their investors more easily, and investors will be able to respond to the needs of the market more easily.

Additionally, as some publicly-traded companies are finding themselves with groups of fanatical investors, all the more reason that there should be transparency, especially from the company itself regarding, among other things, actions such as stock buybacks, splits, or dividend payments to their supportive investors.

Considering the above points, it is easy to see that greater transparency in market operations can maximally address the concerns of an investing public that is rapidly losing confidence in these vital economic machines.

Thank you for your attention.
GENERATION CODE 202210041250