April 20, 2022
I fail to see how this proposed rule will make the market fair to retail investors. It seems like this will make it easier to market makers to dodge FTDs. This seems to me that market transparency will be worse and market makers and hedge funds can use this proposed rule to legally workaround FTDs and cause further market instability.
Am I, a regular Joe, able to just write bad checks and never intend to pay? No, I cannot, especially without consequence. So why are rules like this being proposed to let market makers, hedge funds and banks basically do the same thing??
Please remove this proposed rule.
- A concerned retail investor