Oct. 30, 2022
October 30, 2022 As with swaps, securities lending needs more information symmetry between ALL parties involved. These microcosms of information asymmetry by design to enrich those whom are on the correct side of the positions. When I say \"more\" I mean complete symmetry. Also, victimized companies need a greater ability to defend themselves against predators, and that \"short selling in the dark\" harms true competition and price discovery. The idea that a small number of short-selling funds \"know best\" and can hammer unsuspecting companies in the dark is shameful. Secret short selling hurts individual investors in the name of greater profits for hedge funds. Is that what the public would want from its government? Timely detection of fraudulent and abusive activity comes before Wall Street profiteering.