Subject: Notice of Proposed Rulemaking on the Prohibition Against Fraud, Manipulation, or Deception in Connection with Security-Based Swaps; Prohibition Against Undue Influence over Chief Compliance Officers; Position Reporting of Large Security-Based Swap Posi...
From: Ryuji Sekino
Affiliation:

Oct. 29, 2022

 


To whom it may concern,  

As an international investor who invests in an American stock market, I am starting to feel more concerned regarding the actual transparency of the public data. I have started to hear more information regarding the potential cover-up of data about shares shorted on stocks in the stock market. 
Currently based on the Section 929X of Dodd-Frank, the commissions are doing the bare minimum and only reporting the short seller activity once a month. I believe the Proposed Rule 10c-1 and 13f-2 is a great improvement as it will require an intraday report on lending and daily report on short selling, which significantly improves the market information transparency.  
In addition, I believe that commissions should adopt a 15-minute aggregation period to improve the resolution of data available.  

Thank you.