Jul. 28, 2023
To whom it may concern: I want to comment to show my full opposition to derivative holders having rights tied to the underlying security. For rights to be available for retail investors they must purchase the underlying asset itself. Not a derivative that can control and manipulate the price and other aspects of the security. This is COMPLETELY against a free and fair market and purposely provides the institutions with another opaque financial weapon of mass destruction that will dilute the markets supply, rights associated to the underlying asset, also, while creating a false movement within the market as well. This rule facilitates more crime/fraud/manipulation. When a retail investor decides they want to support a company or influence the issuer they must buy a long position. This position is not only shown in the market (unlike a short position), it also is an EXECUTED position. Creating a contract that allows you to pay a "fraction" of the underlying assets value (regardless of the contracts ability to cash settle does not foster a free and fair market) and receiving the rights associated is disgusting. Also, the fact that the assets are held beneficially by institutions already as the client/customer has provided the funds/purchased the security makes even less sense. PROTECT THE INVESTOR! . IF the position is EXECUTED (meaning the contract is followed through and the shares are purchased in full and delivered, Then, and only then, should rights be available. That being said, the DTCC needs to ensure that the supply and the demand are ACCURATE and all participants are forced to keep their books and internal inventories balanced properly. If the DTCC had kept track of the market through the ledger they have, regulating the supply and demand aspects in real time, the banks would not need to try and steal more assets from the working class citizen through transparently disgusting and fraud enabling proposed rules. I am baffled that this is even a proposal in the first place. I cannot buy a derivative of your home or car and claim ownership of your personal vehicle. This is what the rule is trying to provide. Any institution that has oversold their supply of an issuer is now trying to cover it up by being able to take control of ALL shares held by their platform. (Voting, etc) Anonymous (DO NOT DOX ME THIS TIME! LAST COMMENT YOU PUT MY FULL NAME YOU _______!