May 7, 2021
This needs to be approved. Failure to do so prolongs the existing condition in the market. This condition creates an unjust advantage to market makers by allowing the creation and concealment of illegal synthetic (IOU) shares, without providing capital to back up these shares. Without requiring appropriate liquidity to deliver on these synthetic shares, this can continue into perpetuity causing, eventually, a large market black swan event.
This rule change would provide a check against the creation and concealment of these synthetic shares.