Mar. 17, 2023
March 17, 2023 I support this rule in its original form. I do NOT support the now added exceptions for risk-mitigating hedging activities, bona fide market making certain liquidity commitments. I do not support any exceptions whatsoever. It is the market makers who are the cause of overwhelming failures to deliver in US markets. Liquidity should never be infinite. That defies all logic and mathematics. Rules are no use if they can be bent or broken, especially by the worst offenders.