April 20, 2022
This proposed change is simply another tool for short sellers to kick their Failure to Deliver obligations down the road. This does nothing to protect legitimate investors in the US stock market and only furthers the domestic and international erosion of faith in our markets. Short sellers do not need additional tools to avoid their eventual obligations. They already have multiple methods of hiding their positions and FTDs. The SEC is surely aware of this and any further enablement of these methods will only confirm suspicions of the SEC's complicity in undermining US businesses via illegal naked short selling. The time is now to prove me wrong and to regain a fraction of the trust you have lost. It's time to do what you're paid to do and protect the integrity of the US markets. Anything less is a total failure. Deny this proposed rule change ASAP.