Subject: S7-18-21: WebForm Comments from Marco Alvarenga
From: Marco Alvarenga
Affiliation:

Oct. 31, 2022

 


 October 31, 2022

 I am writing in support of proposed rule 10c-1, we the public need more transparency in regards to securities lending. When we can't depend on market participants to act in good-faith we need the SEC to enact and enforce rules that make it fair. We need all securities transactions to be reported and not hidden within the aggregate. A transaction-by-transaction reporting system will force financial predators to be transparent. This would not only help working families and individual investors it would also allow companies that are being short sold to protect themselves. Timely detection of fraudulent and abusive activity should come before Wall Street profiteering.