February 7, 2022
As an investor in the US equities market, I am entirely in support of transparency in regards to SBS which would be a small step towards leveling the playing field and showcase some ways in which major market participants siphon funds from individual investors through disguising their positions.
It to me is just one of many issues regarding transparency within US equities markets which further allow big market participants to corrupt equities prices and siphon money from our equity markets into the pockets of the largest wholesalers and lenders.
Similar issues surrounding transparency and fairness in the markets would be sound rules governing the reporting of securities lending actions and PFOF which (possibly in combination with slow settlement dates) offers no value except extracting Cashflow from smaller US market participants.
Therefore I personally deem this change necessary to ensure fair participation in US equities markets is given back to the people of not just the US but the whole world. Especially on the point of compliance there seems to be serious lack of enforcement regarding a timely and accurate reporting schedule for SBS in order to allow fair market conditions.