Oct. 08, 2022
October 8, 2022
This proposed rule change is an extremely positive measure to take against the intentionally obfuscated business practices of many Wall Street firms whose financial contributions to our economy are largely vampiric.
You can see the truth of this clearly in the comment submitted by Citadel, wherein they state this rule would increase the cost of opening short positions, and to which I say: good. It should be expensive to directly bet against the success of American companies for your own profit. This is especially true when considering that an entity with as much capital as Citadel would inevitably use that power to find ways to ensure their investment pays off, to wit: firms which take large short positions and have a lot of capital will inevitably attempt to cause that company to fail, and presently there is nothing to stop them from doing this.
I say this rule change represents a large step in the right direction and applaud you for it.