Aug. 16, 2022
August 16, 2022
I am writing with regards to S7-18-21. As a Canadian retail investor with large investments in the NYSE through my RRSP and other accounts I can say that these proposed measures are absolutely vital, with zero compromise or amendment.
After the retail meme stock black swan event myself and other Canadian investors started to look under the rug as it were at the NYSE. We became more aware of massive naked shorting, dark pools and fail to delivers which, in any other business would simply not be tolerated.
The eyes of global investors are firmly fixed on the SEC to ensure proper measures are taken and this proposed measure is a strong first step.
Please be aware that when market makers such as Citadel issue comments stating things such as \" The proposal will have material negative consequences for the wide swath of retail\" They are absolutely incorrect. Furthermore, they are misrepresenting themselves as a group whos financial interests are aligned with retail. They are not. If anything they are misaligned and their motives are totally self serving, if not outright suspicious.
For the sake of retail transparency and fairness please carry out the measure as proposed. With technology and computer programing the 15 min obligation will be easy. Don't fall for their false, overblown rhetoric.