April 21, 2022
I want to object to this proposed rule. It does nothing to help retail investors that are already at a huge disadvantage in the US stock market. All this rule seems to do is make it easier for institutions to hide and launder FTDs and naked shorts. How much longer will retail be allowed to be taken advantage of? The SECs job is to protect the markets and retail and ensure a fair and free market, this rule does none of this. If I fail to pay my mortgage, I lose my home. Thats an example of a fair and free market. This rule makes it so institutions that have naked shorted a company doesnt have to pay back that debt. Who in their right mind would want to invest in the US Stock market after this? Who would want to list their company there as well? Retail traders all over the world are watching to see the outcome here.