Feb. 13, 2022
Thank you for acknowledging in your proposed rule change that naked shorting thrives in today’s markets while the SEC does nothing beyond collecting its piece of the action in the form of laughably low fines. This rule change would further legitimize and protect activities that are predatory, un-American and may I remind you, ILLEGAL. I am aghast that I’m reading a federal proposal that would let financial predators keep even MORE of their ill-gotten gains and support their assaults on retail investors and businesses… but here we are. I see a whole lot of benefits in here for billionaires who are currently exploiting the system without penalty. What’s in it for regular investors? I can find nothing in this proposal that would benefit the public. Get rid of this sham proposal and remember the SEC is supposed to protect the public from financial crime. The SEC has been notoriously remiss in that obligation for far too long and this proposal is a humongous step in the wrong direction. You have a lot of eyes on you right now. Maybe it’s time to be on the right side of history for a change. Sincerely, Eileen Loh New Orleans, LA