Mar. 29, 2021
CAUTION: This email originated from outside of the organization. Do not click links or open attachments unless you recognize the sender and know the content is safe. Approval of this rule would give me an incredible boost in confidence towards the health of our stock market. While I think this rule stops short of actually preventing naked short selling, it still has the power to greatly limit how much aggressive short selling we can expect to see overall. Limiting shenanigans to a daily cycle rather than a monthly cycle would have a hugely positive effect on the market. We need to put a stop to these multi-day campaigns of market manipulation that have been utilized to artificially drive down stock prices. Without this rule, we will continue to see dangerous levels of market volatility and the financial ruin of many otherwise solvent companies. The damage that hedge funds could cause by perpetually overextending themselves is limitless and potentially catastrophic. The longer it goes unchecked, the more bold they become. Please approve this rule so that I may have faith in the market again.