April 22, 2022
This proposed rule change is unfair to retail traders who continue to suffer from illegal short selling from hedge funds and market makers failing to deliver in the name of liquidity.
The SEC does not have a mandate to prevent margin calls for institutions or other insiders who have become over leveraged and mismanaged their investors money with absurdly risky bets.
Furthermore, trying to prevent large short squeeze opportunities for heavily shorted equities that retail investors have gone long on is NOT helping protect retail investors.
This rule is anti-competitive, anti free-market, and frankly...anti-retail. If the SEC implements this rule, the already waning faith that retail investors currently have in the U.S. stock market and the SEC will be completely wiped out.