Apr. 08, 2021
To whom it may concern, My Name is Justin Haught and I am an active investor. I entered the stock market believing in a Free Market, and unfortunately the more active I have become, the more I have uncovered that this is indeed not a Free Market what-so-ever. The passing of this rule is absolutely necessary in keeping our financial system stable and to the keep hedge funds accountable for their actions. The stock market is heavily manipulated with little to no disciplinary action taken, at least nothing that would truly stop such occurrences (dark pools[being abused], naked shorting, use of algorithms to exert latter attacks that run the price down of a stock, etc..) I believe the passing of this rule would help with checks and balances as well as keeping our market from having to experience another 2008, which was devastating for the average American. These hedge funds are over extending their financial arms well beyond what they can ever pay or cover, which could lead to more financial distress to OUR economy. Our financial exchange system desperately needs accountability, integrity, honor and justice, which it has lacked in recent months and years. Please, you all as members of the SEC have the responsibility to uphold law and order within this exchange system. Too many companies have gone bankrupt to these unlawful tactics - lives have been changed at the hands of those who break the law. This is the land of opportunity. Let everyone have a FAIR shot without manipulation. If is for these reasons and many more I beg of you to pass SR-NSCC-2021-801. Be apart of the change, be on the right side of history. Thank you, Justin Haught