April 22, 2022
The SEC has an obligation to insure a fair and equitable market for ALL investors, not just corporations, hedge funds and markers makers. By enacting new rules 'mid-stream' that would greatly benefit corporate investors, to the detriment of retail investors, is in no way insuring fair and equitable markets to retail investors.
It's like the baseball commissioner trying to change to rules of baseball at the top of the 9th when your friends are down 10-0. If you change the Out rule from 3 to infinite, how is that a fair and equitable game?
If this rule is to be enacted it needs to be applied to NEW investments (beginning of a new game) from X date moving forward, not existing investments.
It's a shame that HF's and MM's shorted companys' shares to the extent they have in the hopes of making a quick buck when the companies are driven out of business, but the investors who stepped in to save these companies should not be side-swipped because the HF's and MM's are on the wrong side of an investment FOR ONCE.
Make things fair and equitable for EVERYONE and delay this ruling and make it applicable to new investments only, if it MUST be enacted at all
Respectfully,
Keila Morse