Subject: S7-18-21: WebForm Comments from Brenden Rafanello
From: Brenden Rafanello
Affiliation:

Oct. 31, 2022

 


 October 31, 2022

 The Dodd-Frank Act directed the SEC to seek transparency for brokers, dealers, and
 investors. But the retail investor has been given short shrift with this Proposed Rule. The disclosure of lending inventory and near-real-time position reporting will only make it possible for broker-dealers to discriminate against companies who are already bearing an onslaught of phantom shares in capital markets.