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Joel Williams Comment On Regulatory Notice 21-19

Changes that I see as needed in no particular order of import: 1. All borrowed shares should be tracked in the system and only be able to be lent out 1 time maximum. No more than 200% of the entire float at one time. Shareholders should be be paid the lending fee directly and then the broker can take out what fee they deem necessary. This transaction should be transparent to the investor and should be less than 5% or whatever interest rates are for big banks savings accounts. They are the shareholder's property and should be treated as such. 2. T+2 needs to be abolished.

Jonathan Maxwell Comment On Regulatory Notice 21-19

Transparency, accountability and a fair market for all investors. This is what retail investors want. -Frequency in reporting should absolutely be on a daily basis. This should be public information. Not a “pay to play” basis. Companies who profit from hiding this information and selling it, only add to the unfair market advantage faced by retail traders. They will need to adjust their profit prospects to comply with transparency and a fair market. -I see no mention of dark pools. These need to be more transparent due to the fact that 60% of trading happens on them.