Oct. 08, 2022
October 8, 2022 I support the rule for short sellers to report every 15 minutes. We have no transparency in the market, short selling has run rampant. The rule serves to reduce information inequality and protect for more fairer markets. If the rule passes, I am confident that we will see less short squeezes and therefore more market stability. Everyone will benefit except for short sellers, which short selling is already illegal in many other countries. Working families will benefit, as retail does not have information nor is aware of the risks posed by short selling. This rule protects individual investors, as they do not have access to data. Hedge funds, by having access to data, ability to short and leverage, and high frequency trading have an unfair, major advantage against retail. This rule provides maximum benefit to catching criminal activity at minimal cost, which is good for the SEC as well as for future confidence in the markets. If the economy crashes due to short selling abuse, this rule must be passed IMMEDIATELY to prevent future market instability.