Jul. 31, 2023
I am writing to share my opinions as a household investor about transparency and what this proposal means to the markets from my understanding. It is my observation that since the evolution of the financial markets from once being on paper to basically everything being done through the internet there has been a loss of oversight for the financial well-being of the general public. I’ve also witnessed numerous instances in which large corporations and institutions have blatantly stolen from the public utilizing this new financial model without consequences to outweigh the profits gained through illicit activities. It is imperative that the financial system become transparent at all costs in order to maintain trust in the public’s eye. I see many comments saying that transparency comes at the cost of liquidity as if the liquidity is going to be DRASTICALLY affected by a few small reporting additions, this is an obvious deflection made by many of those who may have been doing their own dangerous and potentially illegal business practices and utilizing the grey areas of the market to hide their wrongdoings. With that said I am in FULL SUPPORT of this proposed rule because as an individual investor I would like transparency in the markets I utilize to grow and manage my investments within. Thank you for your time.