March 23, 2021
I believe the enactment of this rule will be very effective in managing the risks that institutions on wall St impose on the market.
The past year has been exceedingly difficult for individuals to thrive in lieu of the pandemic. Many people have began research into the stock market to mitigate losses and to invest in the future. The economy wants to thrive, the people want to thrive.. but something is holding this reality back.
Retail investors that are involved in high risk positions with no current protection backing them. That is who this proposed rule will protect.
It will ultimately force prior mentioned institutions to pay more attention and regard for due diligence, and to prevent abusive short positions, abusive naked shorting. All without prejudice.
I hope this rule does exactly as you intend.
To police these institutions who blatantly abuse their powers market wide, with no disciplinary actions held against them.
As we look to organizations, such as yours, we EXPECT government agencies to support EVERYONE, not just a specific group. This is a free and legal market, not a casino. The house should not always win. Everyone should have a FAIR and LEGAL chance- to utilize their knowledge, experience, and forward thinking minds to achieve their goals.
Please enforce these rules, as it should have been many months, even years, ago.
Thank you for your time.