Mar. 4, 2023
March 4, 2023 Dear Chair Gensler, I am household investor and I am extremely supportive of S7-18-21. The US stock market desperately needs more transparency. Bad actors are committing federal crimes everyday right in front of our eyes. Requiring securities lending firms to report detailed information about their securities lending activities to the SEC on a quarterly basis, including information about the types of securities lent, the terms of the loans, and the value of the collateral would be a step in the the right direction. Much more is needed but this would certainly help regulators monitor risks to the financial system and to identify potential systemic issues. Overall, the proposed rule would increase transparency and provide regulators with a more complete picture of securities lending activities. This would help to reduce risks to the financial system, and enhance the ability of regulators to identify and address potential issues before they become systemic problems.