February 19, 2022
I have always been taught that the success of the market depends on belief that the US stock markets are a functioning and fair system.
Rules which allow for the fabrication of stocks for naked short selling are in direct conflict with a fair system. The US Stock market is not a fair system as it currently operates, which will lead to its failure unless corrected.
The SEC must work to bring order back to the markets which includes the proposed rules in S7-19-21.
I would like to specifically support that borrowed shares should not be used to close FTDs, which artificially keeps the stock price low.