Apr. 09, 2021
Hello, this is my first time participating in this kind of forum. I have recently started investing and am a retail investor. Please pass this rule. I have been through 3 national/global financial crisises in my life. (I'm under 45-years-old) I am so down trodden by the state of things and often wonder at times why I am investing in the first place because it often feels pointless. I feel very strongly this rule will mitigate the impact of a fourth and possibly prevent a fifth crisis. Most would agree that it has been a grave injustice to allow Institutions (Hedge funds) etc. to use naked shorting, synthetic shares, dark pools, and short exempt trading to destroy small companies and rob the small investors for their own enrichment. These firms are dangerous and if they are not brought to task, in time, they could bring the entire market down. They are so entrenched in these tactics that they will continue this practice until they fail. On that day it could be so massive that the selling to cover would effect the whole market. They do not care about anyone or anything other than their own selfish desires. They can live a life of luxury and excess and still having billions of dollars sitting around in their bank account doing nothing while the rest of the world struggles day-by-day and paycheck-to-paycheck to keep them in their current position. When will it ever be enough for them? Never. They will not stop until they crash the market. Greed is a dangerous thing. We need to keep our economy strong and restore faith in the market and investing for the average American. With the state of our current economy and the pandemic, it is time to stop the market manipulation. This rule would help so many different people and keep our economy booming. I strongly support the passage of SR-NSCC-2021-801. Sincerely, Bethany Carter