Apr. 20, 2022
To whom it may concern, It has come to my attention that this proposal would allow short sellers of company shares to utilize a financial tool (SFT (Securities Financial Transactions)) to avoid Failures To Deliver priced at market rates from being forced. I beseech you to not move ahead with this proposal. I understand that there is pressure to provide rules that benefit the monied class in your country but if the Americans don't stand up for a fair and free market within its systems then the whole world is lost to the corruption of those markets. If proposals such as this are enacted, proposals that are built to protect the most elite from the consequences of their actions, America will lapse into an oligarchy state no more committed to the ideals of the "American Dream" than is China or Russia. Please understand that if you choose not to protect the bad actors in your country great corporations and industry leaders may fall. These bad actors who have put a lot of time and money lobbying for their own protection will have you believe that the system cannot survive if they were to be truly margin called on their short positions. I would suggest the system will not survive if they aren't. Please protect the retail investors, the free and fair markets and the ideals of "America" by not moving forward with this proposal. Thank you, Joe Van Bakel Toronto, Canada