Oct. 29, 2022
October 29, 2022 Dear Secretary Chairman, This message pertains to my strong support for the implementation of rule 10c-1. In order to create a truly free and equal market, the flow of information must not be stifled. There should be no firm or agency which has nonpublic information. The reporting intervals being proposed would help in the regulation of the markets and create transparency. From my understanding, loaned securities are used for short selling. The increase in transparency would not limit any firms ability to short a security. In fact, this would simply imply a firm is considering of shorting a security, and firms could use this implication to their advantage. Market transparency would only benefit the market and its investors. The disclosure of lent securities ensures markets are operating properly and no illegal short selling (naked shorting) is taking place. Thank you for your time, Brandon