June 25, 2023
Hi,
It seems like an obvious loop-hole rife for exploitation that significant stakes can be adopted by institutions through inscrutable swaps and other non-regulated instruments. What is the purpose of regulations regarding significant stake reporting if they are trivial to avoid by those with malicious intent? Why are large short positions not subject to the same reporting requirements as long positions? The lack of consistency in regulation is undermining the markets. This rule is good, we need should have far more stringent reporting requirements to make the markets a place where household investors have less of a disadvantage than they currently do against institutional data feeds and back-channel reporting networks.
This action might begin to reduce the size of a small hole in a hull of a marketplace that has sprung many torrential leaks of injustice. I support this action over inaction, but to be clear I think this hole, and many greater leaks, still remain...