Oct. 29, 2022
October 29, 2022 In a free and fair market, it is absolutely essential that there is transparency and equality of information. Modern technology would make instantaneous granular reporting easy, effortless, and inexpensive, and would not be a undue burden to market participants. The ability that transparency and up-to-date data would give us to help reduce fraud and protect our economy, pensions, and private citizens from financial predators who contribute nothing to the economy can not be understated. These obscure, hidden financial games have the potential to create a systemic risk in our economy and undermine trust in our markets and in our watchdog commissions who allow these reporting exemptions. If reporting is ever to commence, it needs to be now. Why do we have a reporting rule at all, if it is ignored? We have the rule because it is absolutely necessary in a free and functioning market, to protect against economic system failure, that we understand where immense risk lies. Pun intended.