Oct. 31, 2022
Hello, I am writing from Australia in support of faster and more transparent securities lending data. I strongly support the reporting of loaned securities every 15 minutes as it leads to a more accurate picture of the markets for retail investors and allows us to make informed decisions when investing in American markets. I have only been invested in American securities for two years now but when I found out that most retail broker apps make you opt out rather then opt in to securities lending I was very concered. Most people I talk to about this dont even know its happening. Securities lending is an area of the market that is far too opaque for retail in its current form. My broker being able to lend a security I have purchased to an institution to short and devalue my investment is absolutely absurd. And the fact it is not 'opt in' is nefarious at worst and negligence at best. The reporting of loaned securities every 15 minutes will help give a better picture for retail and even the playing field. A true step towards fair markets. Thank you for your time. Vincent Allen