April 22, 2022
This rule is entirely unacceptable, this negates any responsibility and accountability for a party that creates their own loss of liquidity. As a retail investor i shutter in fear of a rule like this being passed. This is a bail-out for all the bad actors who create COUNTERFEIT (synthetic) shares and can't back them up. The crisis we face now is due to a lack of credibility and responsibility on behalf of Market Makers, Financial institutions and the SEC not properly monitoring and or enforcing or obeying previously created rules and regulations. Retail will not stand for this rule to be passed and anyone who approves of this is part of the problem.