Apr. 30, 2022
April 30, 2022 Simply put, naked short selling is one massive embezzlement scheme that for years has mostly gone ignored. It is widely agreed that excessive short sale activity can cause sudden price declines, which can undermine investor confidence, depress the market value of a company's shares and make it more difficult for that company to raise capital, expand and create jobs. There are a class of short sellers who target companies to destroy value. They operate in the shadows, whisper in the ears of business reporters, file lawsuits, and even call up government regulators all to bring a stock lower and profit from the decline. The Failed to Deliver shares is evidence that shares are being sold and failed to deliver. For the size of the floats they are high. There is no way for us to know how many phantom Counterfeit shares they created out of thin air. I highly recommend any new rules that brings more of a lit market for the future of our Country. Retail investors Invest in Companies and People they create Job's and innovation - Hedge Funds and Brokers make money Shorting America and do it with Retail investors Money. Hedge Funds and Brokers add nothing to our Country They only Take our Hard Earned Money and get Richer. It's not a fair market when corrupt hedge funds and the major brokers have dark pools they can manipulate a companies stock price and play shell games with the Failed To Deliver Fake Shares. We are loosing innovation companies and jobs to make Hedge Funds like Cramer and Citadel rich. And they brag about it. I don't think the proposed rule is enough but I support any rule that's gets us closer to a fair and Lit Market. Thank you For Your Time. Best and Kind Regards Daniel Brooks