Apr. 20, 2022
To Whom It May Concern: As a taxpayer, citizen of the United States of America, and a retail investor, I urge the SEC to withdraw this proposal immediately and without delay. There is no way this proposed rule benefits anyone but the bad actors in the stock market. This is a way for them to get out of their bad bets and continue to manipulate the system to the detriment of the retail investor, and would increase avoidance of true market price discovery through onward lending. It removes the infinite risk of naked shorting entirely, and as such removes the deterrent of engaging in what is supposed to be very risky business practice. It's all upside for market makers which excessively naked short securities, and all downside for those on the wrong side of their shorting. How does this rule contribute to a "fair" market by any means? The concept of a fair market, any market, relies on the ideals of transparency and accountability. This rule would significantly undermine both, and is an affront to the free market principals this nation was founded on. I again urge you to withdraw this proposal. Thank you for your time. Sincerely, A concerned investor.