April 20, 2022
I strongly feel that this rule change is a blatant attempt to create a loophole allowing for FTDs and naked short selling with no consequences to the institutions/hedge funds. It is clear that FTDs are already growing at an exponential rate on particular stocks, and the evidence strongly supports an overwhelming amount of synthetic shares in those same stocks. The problem isn't solved by saying \"let's make this malpractice legal.\" It is solved by holding accountable those who who are creating the naked shorts and FTDs. Sadly, that lack of accountability is risking market integrity. Please vote no.