Subject: S7-18-21: WebForm Comments from John nelson
From: John nelson
Affiliation:

Oct. 30, 2022

 


 October 30, 2022

 I am commenting in support of the passage of this rule. I find the borrowing of stocks abhorrent. Since the sec has seen fit to allow this the minimum position to hold can only be strict and as close to continuous tracking of such positions. The recent sec report of a stock with over 120% shorted shares is incomprehensible and bordering on criminal. Long, untracked lending chains present a real and credible risk not only to the market and national security but to the working families and retail traders that the sec is supposed to ensure a free and fair market to. The 15 min reporting requirements will allow for additional analyzing helping retail and family traders avoid dangerously risky securities and the ability to move out of positions affected by currently hidden shorting. The additional costs of this reporting to large participants is insignificant to the protection afforded to the common investor by requiring the reporting ever 15 min. Please pass this rule and help the marke
 t become more fair for the individual investors.