April 23, 2022
I interpret this proposal to be relief for borrowers/short sellers from their obligation to deliver their FTDs in a timely fashion. Such a relief will not lead to better competitiveness and will open the door for abusive short selling without fear of accountability. I understand that overleveraged hedge funds represent a risk to market stability, but creating a situation where bad players can continue using their tactics to stay overleveraged and hide their FTDs is not the right way to deal with the situation. We need more accountabilty not less. As a retail investor I did not see any consideration to the harm that retail investors can suffer as a result of this proposal. Therefore, I strongly object to the proposed rule and hope the SEC considers the harm this proposal has on the retail investor.