April 20, 2022
As a taxpayer, citizen of the United States and a retail investor I am highly disturbed at this rule, and I hope the SEC repeals this rule as soon as possible.
This proposal benefits the retail investor in no way, shape, or form, and is a disgrace. This ruling allows Wall Street to gamble with 99% of this countries money and face no repurchase on when their gambles become losses. Shares of a company cannot be treated as cash, and corporate governance rights to investors will be erased if this rule is passed.