Aug. 13, 2023
I agree with daily reporting and support the Commission to public release the data. It empowers citizens to protect themselves from excessive risk and the companies they own from hostile actors. The Commission should utilise its authority under Section 10B(d) of the Exchange Act to publicly release data. Fraud is widespread, and the resources of the SEC are limited. By allowing the People to see potentially dangerous swap activity, they will be better able to assess the investments they make and observe the dynamics of the market. A more level playing field is absolutely in the public interest. The damage that can be done via swap activity (e.g., Archegos) necessitates that investors be equipped to defend themselves and the markets they use. Household investors are changing the game and will force change through direct ownership of shares - it’s just a matter of time. As such, it’s time the SEC recognise what’s happening and respond accordingly and do anything within their power to de-risk the system from fraudulent big players. No more awful gaslighting hit piece ads showing normal people as stupid, please. The SEC should finalise this rule ASAP. Regards, Continually Defrauded Household Investor who will not stop DRSing.