March 13, 2022
Regarding SR 33-11030,
My questions are as follows:
1. In simple terms, are short-term options buyers going to be considered \"beneficial owners\" of a company instead of the lenders of the security in question?
1a. If yes, does this mean I could potentially buy contracts at a fraction of the cost of owning shares, then vote as beneficial owner of a company?
1b. If also yes, then does this mean that a beneficially owned options buyer has the right to discuss the company's steps or even take a board seat, having no real registered shares in their name?
2. If John and Jacob each own derivatives of AAPL, to the tune of \"beneficial ownership\" percentages, does that give them access to what would otherwise be considered \"Insider information\"?
3. If I am completely wrong about this, don't you think it would be a good idea to simplify the markets, if you're attempting to represent \"Ma and Pa retail\"?