Mar. 26, 2023
To whom it may concern, As it stands, I am not pleased with rule S7-01-23. The proposed rule suggests less transparency, and regulation. This always results in misconduct, unaccountability and corruption. I am against exceptions/exemptions for 'risk-mitigating hedging activities, bona fide market making, & certain liquidity commitments.” I believe all participants in the market- retail, institutional, investment advisors, market makers etc., should have access to the same amount of information, and subject to the same rules, and regulations, NO EXCEPTIONS/EXEMPTIONS. I also want to bring attention to 'naked short selling, phantom shares, synthetic shares, fail to deliver," and any other name to describe the same systemic abuse and criminal activity against US Citizens and businesses. Naked short selling combined with unlimited FTDs due to loopholes, exemptions/exceptions, is destroying and bankrupting America and the abusers are stealing from every American. Consider implementing towards FTDs and settlement: -Fines equal to or greater than the monetary amount of the settlement/trade violation. -Margin calls for FTDs with no exceptions/exemptions, waivers. -Mandatory Buy-in with increased offers until closed. -Suspend & close accounts of brokers who FTD more than three times a month: Sec&Exch Act 1934, §17A.a.5.(C) The SEC states that its mission is to protect investors and provide fair markets. I hope that you will live up to your mission statement in good faith for all Americans and investors around the world. Thank you for your time, Tristan Henderson