Apr. 20, 2022
As a retail investor, I am disturbed by this proposed rule and believe my voice should be heard and valued. This rule proves the tall tale of the American market being free and fair, told to blind retail investors. The real American people, and international investors in our market, are forced to play by the rules YOU create and seem to change when it is convenient and beneficial to Wall Street. This rule gives unlimited power to market abusers that already have the upper hand. It is set in place to alleviate fail to delivers, yet doesn’t seem to force accountability for those responsible of it’s creation. This rule puts power in the hands of institutions, effectively safeguarding them from their own bad bets. If rule changes that safeguard institutions continue to be proposed and approved, maybe it should be announced that the US market is not free, is not fair, and is not meant for retail investors. It is meant to scam the retail investors out of their hard earned money. So as these institutions profited immensely from Covid, retail investors utilizing the so-called “free market” to supplement income are essentially investing in a game. A game created by Wall Street. Why does retail have to suffer from blatant manipulation? As the SEC I will leave you with this quote…”what you permit, is what you promote“ Michelle