Apr. 19, 2022
To whom it may concern, This proposed rule is laughable. It is a blatant attempt to further widen the advantage institutions have over retail investors. "We are going to naked short. If we are unable to locate, instead of FTD we are going to create a temporary IOU so that when the time comes, if we can't locate again, we can simply create another IOU to replace the original IOU, thus allowing us to continue getting away with abusive naked shorting without ever having to worry about being held accountable." Did I understand the basic gist of this ruling correctly? Please do not insult the intelligence of retail investors by trying to hide behind complex legalese. Times have changed, and 'dumb money' is now paying extremely close attention to the rampant corruption in our supposedly 'free and fair' markets. I expect this proposed rule to be withdrawn immediately. Sincerely, Nate