April 22, 2022
This rule would give illegal short sellers a pass on their actions. The rule is to prevent a 08 event but in doing so gives the institutions the ability to continue the illegal actions without consequence. Instead the focus should be on stopping the illegal activities in the first place that would cause a 08 like event. Your job is to protect retail and keep a trustworthy market. But this rule destroys both. That would be like giving an overdosed heroin user Narcan, just so the can wake up and keep using more heroin...