Subject: Securities lending transparency
From: James Howsmon
Affiliation:

Oct. 30, 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”. 

We as retail investors deserve the right to transparent and accurate data. The securities lending market and subsequent debt swap markets are excessively opaque and make it impossible to accurately gauge counter-party risk. Having access to current and accurate information is critically important to the integrity of our free market system. Delaying the reporting of these swaps until 2025 goes against all of those principals.  

I hope we do the right thing. 

Sincerely,

A Concerned Investor