May 7, 2021
I implore the commission to pass this rule. I support this rule change as do a majority of retail investors holding a wide range of heavily shorted securities. Passage and enforcement of this rule goes far beyond my individual financial interests. This rule would benefit retail investors, institutions making wise investment decisions, and the US and global economy. Every economy is based on trust in the value of currency and on trust in the institutions that monitor and regulate markets through which that currency is traded. Recently this trust, especially in US political and financial institutions, has wavered. Wavered to the point where individuals who have held securities in the stock market for years are considering liquidating all positions due to the blatant, unchecked, corruption and manipulation that plagues the market on a daily basis. This rule change, while small, is an opportunity to begin the process of rebuilding any lost trust and is a step towards assuring investors that their investments are protected, real, and are faithfully executed. A regulatory body that looks out for regular people is a rare occurrence in todays heavily lobbied world, but you have a chance to be on the right side of history and provide a brighter future for all Americans hoping to invest and build wealth for themselves and their families. The greed and illegal activity in the market will not stop with this one rule change, however it will help curb some of it and present the commission with more time to develop sounder, more enforceable, rules that will benefit generations of investors to come. History is watching, do the right thing and go beyond the call of your station to protect the American people who put faith in you and the body you represent.