tl;dr: Reddit User Battles SEC for Missing GameStop FTD Data 🤣🤣 HFNY

* 🕵️‍♂️ A Reddit user on SuperStonk filed a FOIA request with the SEC for missing GameStop (GME) FTD (Failures-to-Deliver) data from key dates between May and September 2024, coinciding with significant GME events.

* 🚫 The SEC denied the request, citing "*confidential commercial or financial information*" (Exemption 4 of FOIA), claiming release could cause foreseeable harm. This justification was met with skepticism given the SEC's usual practice of publishing similar data.

* ⚖️ The user appealed, arguing public interest, insufficient explanation of potential harm, the possibility of partial disclosure, and existing precedent for disclosing such data.

* ⏳ While the appeal has been acknowledged, a substantive response is pending. The user also filed a second FOIA request —a "*FOIA on a FOIA*"— seeking internal SEC communications and justifications for the initial denial.

* 📢 The user's actions encourage others to advocate for financial transparency and submit their own FOIA requests to the SEC, emphasizing a professional and assertive approach.

Original thread: https://www.reddit.com/r/Superstonk/s/qNcRqtYIl9