Oct. 31, 2022
Dear Secretary Countryman: I am writing in strong support of rule 10c-1, “Reporting of Securities Loans”. There needs to be more transparency in our markets, and this rule is integral in preserving the integrity of the markets. I am extremely concerned with the potential illicit use of security based swaps and short selling by a number of parties. Having public access to large security swap reports would help allow for higher transparency and less opportunity for fraudulent activity. This rule would help protect every day investors by its higher reporting frequency. It would help prevent fraud, hiding positions in loop holes, and would help companies protect themselves from predatory “short selling in the dark,” which harms price discovery and true competition. Sincerely, A Concerned Investor