As a police officer, I am writing to highlight a crucial matter that impacts the integrity and transparency of our financial markets. As a dedicated law enforcement member, concerned investor, and advocate for fair market practices, I kindly request your support in implementing a crucial measure to enhance the transparency and accountability of securities trading. This measure is designed to take a firm stance against various forms of stock market manipulation. These illicit activities continue to not only harm publicly traded companies but also strip hard working people of their hard earned money, and their right to a free, transparent, and fair market.

Introduction and Background:

Electronic Blue Sheets (EBS) serve as an essential tool for regulatory oversight and investigation of trading activities. EBS records provide detailed information about individual trades, including the participants, time stamps, order types, and quantities involved. However, the current system lacks a comprehensive framework that ensures timely and regular supply of EBS data to the companies whose securities are being traded. This omission denies companies access to critical information regarding the trading of their stocks and undermines their ability to protect the interests of their shareholders.

Objective:

The objective of this petition is to urge the Securities and Exchange Commission (SEC), the United States Senate Committee on Banking, Housing, and Urban Affairs, the United States House Committee on Financial Services, and the Financial Industry Regulatory Authority (FINRA) to mandate the quarterly supplying of Electronic Blue Sheets to publicly traded companies, and the transfer agents they use to administer their shares of stock. By implementing this measure, we aim to provide companies with increased transparency and empower them to monitor trading activities that directly impact their stocks. This will enable companies to identify potential threats, such as malicious short-selling or market manipulation, and take appropriate action to protect their businesses, and its shareholders.

Proposal:

We propose the following actions to ensure the effective implementation of mandatory quarterly supply of Electronic Blue Sheets:

1. Regulation Mandate: The SEC should promulgate a regulation that obligates brokerage firms and clearinghouses to provide companies with their EBS data on a quarterly basis. This mandate will ensure a consistent and standardized approach to data sharing.
2. Timely Reporting: Brokerage firms and clearinghouses should be required to provide EBS data to companies within a defined timeframe after the end of each quarter. This timeframe should allow companies sufficient time to analyze the data and take appropriate actions if necessary.
3. Secure and Efficient Data Transfer: To facilitate the secure and efficient transfer of EBS data, the SEC and FINRA should establish a dedicated electronic platform or system. This platform should adhere to robust security standards, ensuring the confidentiality and integrity of the data.
4. Data Accessibility: Companies should have user-friendly access to their EBS data, preferably through a secure online portal. This will enable them to retrieve, analyze, and monitor the information conveniently.
5. Regulatory Oversight: The SEC and FINRA should exercise vigilant oversight to ensure compliance with the mandatory EBS supply requirement. Strict enforcement measures and penalties should be implemented to deter non-compliance.

Benefits and Impact:

The mandatory quarterly supply of Electronic Blue Sheets to companies will yield several significant benefits:

1. Enhanced Transparency: Companies will have access to timely and comprehensive information regarding the trading of their securities, facilitating transparency and accountability.
2. Early Detection of Irregularities: With access to EBS data, companies can identify suspicious trading patterns, potential market abuses, and unauthorized short-selling activities. This early detection will allow them to take appropriate measures to protect their businesses, and its shareholders' interests.
3. Mitigation of Market Manipulation: By monitoring their EBS data, companies can proactively identify and address instances of market manipulation, thereby fostering fair and orderly markets. This will contribute to the overall integrity of our financial system.
4. Shareholder Protection: The mandatory supply of EBS data will empower companies to safeguard the rights and interests of their shareholders. By having a clear understanding of the trading activities affecting their stocks, companies can make informed decisions and take necessary actions to ensure shareholder value is preserved.
5. Investor Confidence: Increased transparency and accountability resulting from the quarterly supply of EBS data will instill greater confidence in investors. Knowing that companies have access to crucial trading information will foster trust and promote a more level playing field for all market participants.
6. National Security: National security is intrinsically linked to the integrity and transparency of our financial markets. By ensuring the mandatory quarterly supply of EBS data to publicly traded companies, we strengthen our defenses against potential threats to our economic stability and security. The availability of comprehensive trading information empowers companies to identify and address activities that may pose risks, such as illicit financial flows, insider trading, or foreign interference. By safeguarding the interests of companies and their shareholders, we protect the resilience of our financial system and fortify our national security in an increasingly interconnected global economy.

Conclusion:

In light of the significant benefits and the urgent need for enhanced transparency in our financial markets, I respectfully request your support in implementing the mandatory quarterly supply of Electronic Blue Sheets to publicly traded companies and the transfer agents who administer their shares. This measure will empower companies to protect their existence, their shareholders, detect irregularities, promote fair market practices, and safeguard our national security.

I kindly request that you review and consider the proposed actions outlined in this petition. Your endorsement and active engagement in this matter will go a long way in safeguarding the integrity of our financial markets and ensuring a fair and transparent trading environment. Preservation of national security depends on this. As a police officer, I took an oath that “I will, to the best of my ability, preserve, protect, and defend the Constitution of the United States and the Commonwealth of Pennsylvania”. I believe that by starting this petition, I am upholding that oath.

Thank you for your attention to this important issue. I look forward to a positive response and the implementation of the proposed measures. Together, we can create a stronger and more equitable financial system for all stakeholders.