Subject: S7-18-21: WebForm Comments from Robert
From: Robert
Affiliation: Perkins

Oct. 29, 2022



October 29, 2022

 Thank you for the opportunity to recomment on this proposal. As a retail investor we are often disenfranchised as we are essentially trading in the dark. We have almost no information or data about the company wed like to invest in and all the data we do have is extremely stale. Security lending has become a systemic issue in our financial system as a majority of these loans are down OTC between non central parties which has created a massively complex obligation mess. To even begin to unwind the mess that is security lending/loans we need increased transparency in all aspects of these dark practices. You will likely receive outcries from the various institutions involved in these treacherous practices of loaning customers assets without their consent of knowledge and profiting at no risk to themselves. I urge the commission to do what is right and shine a light on this dark corner of the market. We need as much data as possible to dissect how large of an issue this securities lendi
 ng practice really is. Additionally these rules should NOT exclude clearing houses or depositories.