April 9, 2021
It has become clear to the retail investor community that hedge funds and money managers operate on a different playing field. Borrowing shares on leveraged capital to short a stock is extremely risky. Worse than that, naked short selling is taking place every day in the market on a grand scale. Failure to delivers are rapidly rising as a result. This puts the entire market, including my own portfolio, at risk. Reform is necessary and the implementation of this rule is a step in the right direction. Thank you for your time and consideration.
Best Regards,
Z Downs