April 22, 2022
This proposal in no way addresses the main problem that is happening now in the stock market. This proposal provides a loop hole to continue in nefarious acts by banks, hedge funds etc. The problem is that companies are subjected to short and distort at the detriment of retail investors and regular people who have their money, by no choice of their own, in 401ks and pensions. We are told that we make bad financial decisions yet banks, and hedge funds do the same or worse by over leveraging themselves yet we continue to lose and institutions get bailed out over and over. These loopholes must be closed. Tools must be given to companies to monitor and report naked short selling. This corruption must end. We deserve a fair and transparent market.