Oct. 31, 2022
October 31, 2022 Transparency of reporting securities loans is a must. Security loans are often abused by large market participants, who borrow more stock than is available regularly. Security loans should need reporting immediately after the loan is made in a way that regulators and all market participants can easily discern which securities were lent, in which quantity the securities were lent, the cost of the loan, by whom they were lent and to whom they were lent. The SEC should check with major securities lenders thrice per day to ensure regulations are being followed once at market open, once in the middle of the trading day and once at market close. Complete transparency is the only way to bolster public trust after many years of insufficient governance, regulation and punishment.