June 25, 2023
Security Exchange Commission,
I would like to address my concerns for Release Nos. 33-11180 34-97405 File No. S7-06-22:
1. Allowing any who does not have actual ownership of a company's stock should not have any voting rights in the company including beneficial ownership. An options contract does not constitute ownership until exercised. This change would allow those with lots of money to influence company policies and decision when they are not invested in the company directly. That would be like me declaring I am moving from country A to country B without actually moving or changing my citizenship but expecting to vote on their elections.
2. Why do we keep proposing new rule changes when the current laws and rules are not enforced? The SEC does not protect household (retail) investors, they mock them with commercials.
3. When is the SEC going to actually enforce the rules and laws?
4. Why is shorting even an option in the market? If you think the price of the stock is going to go down, sell your shares, and then buy back in. The idea that anybody can \"borrow\" someone's investment and actively destroy that investment is absurd.
5. Why are (FTD) Failure-to-Delivers allowed to happen? Why aren't these sellers liquidated and restricted from the market for meeting the fiduciary responsibilities?
Very respectfully,
Mr. Matthew Leonard
Household Investor