April 20, 2022
The market already lacks transparency and accountability for large institutions. This rule would increase avoidance of true market price discovery through onward lending, which also decreases the risk of short, and naked short, selling. Short selling is an incredibly risky trading practice, and this does not seem to act as any sort of deterrent.
This rule is not in the best interest of retail, it only acts to benefit large institutions who are already taking advantage of privileges granted to them, and only them. They take the risk and retail pays the price with rules like this.
This rule should not be passed.