April 20, 2022
This proposed rule flies in the face of fair market mechanics, and gives unlimited power and scope to bad actors who would abuse this proposal. It is set in place to circumvente FTD's, but in action does nothing to eliminate them, and in effect protects the action of naked short selling, which is ILLEGAL.
This rule leverages the complexity of financial vehicles to put power in the hands of institutions, effectively safe-guarding them from their own bad bets. Passing this rule would only further deteriorate American and international faith in a \"free and fair market\".
I urge you to withdraw this proposal immediately.