Mar. 26, 2025
Ms. Countryman: I am writing to express my support for the We The Investors petition for rulemaking, which proposes amendments to Regulation SHO in its entirety. I wholeheartedly endorse the comments made by Keith Ivey and would like to add my voice to his. It is imperative that any form of market abuse exploiting regulatory loopholes be met with stringent penalties. These penalties must be enforced rigorously to ensure market integrity. For instance, Failure to Deliver (FTD) should mandate a buy-in at any price until the actual shares are delivered. Additionally, monetary penalties should be substantial— a fine should be a true deterrent, not merely a symbolic gesture. I propose that the fine be equivalent to 100% of the profit derived from the FTD, in addition to the mandatory buy-ins. Thank you for considering my support for this crucial amendment. I believe these changes will significantly enhance market transparency and fairness. Sincerely, Krzysztof Hajdamowicz