Aug. 16, 2022
August 16, 2022 I would like to express my support for this rule. In fact, I believe it to be necessary to maintain global confidence in our markets. International firms and governments are already beginning to express concern for the fairness and viability of our markets and I believe this rule change specifically addresses many of the problems currently wreaking havoc. Transaction-by-transaction reporting importance cannot be overstated. Giving institutions darkness to hide illicit activities only invites fraud no matter what market makers may try to argue. I would argue that market makers arguing for the ability to hide their transactions is roughly equivalent to a gambling addict having the ability to hide gambling losses from the IRS. It makes absolutely no sense from a market safety standpoint and I have heard no compelling evidence that it would affect retail investors negatively. Additionally, reporting every fifteen minutes is if anything too lenient a requirement and if market makers woul d like to argue it saddles them with an undue financial burden, I would like to refer them to the billions of dollars they have cost the collective worldwide economy in the past three decades. These market makers have too much control and influence over the markets as evidenced by the pathetic fines they are levied for essentially stealing amounts many times larger. Companies that are targets for short sellers are victimized by market makers ability to hide their transactions in the dark. This would give them tools to fight back against short sellers who are able to essentially create self-fulfilling prophecies by shorting companies until they are made to fail. I am unable to explain how this does not harm competition and price discovery. If market makers truly believe they know whats best for the markets why hide in darkness and secrecy? Continuing to allow market makers to operate in the dark only harms retail investors and the market at large. I personally am a retail investor and believe other investors like myself, if given the transparency to see and understand what is actually happening in these markets would only assist the SEC in keeping markets fair and equitable. As this assistance comes without a cost to the taxpayer, I am again unable to give a compelling reason why it should not be allowed. We have seen time and time again the danger in these long untracked lending chains. How many times will Wall St. greed be allowed to disrupt our markets before anything actually useful is done about it?