April 21, 2022
As a retail investor, I must protest against this proposed rule, since it just puts up another notch of unfairnes against retail in the US stock market.
By implementing the poposed SFT clearing service, Wallstreet will even get more power to abuse the already unfair ruleset in order to circumvent their financial obligations from FTDs resulting from naked shorting, which is already illegal
A huge number of bad actors has already ammassed a huge pile of finacial obligations based on naked short selling which they now seek to unload wihout buying back but instead by implmenenting new rules made in their favor to drain the market even more and make their immoral and parasitic business model quasi risk-less.
In order to save faith in the US stock market and enabe a fair market structure, SEC should rather enact on the already existing rules and bring bad actors back in line instead of courting them by writing favorable rules for their abusive businesses
I therefore urge you to withdraw the proposal immediately