Apr. 20, 2022
To whom it may concern, The proposed rule is a barrier to free and fair markets. This would allow a handful of powerful entities avoid responsibility for illegal behavior in order to stem losses, but would continue to damage the integrity of this market. In effect this rule prioritizes short term gains for the very few at the expense of future generations who will be robbed of access to a fair market and, at worst, will see the downfall of the exchange as it continues to hemorrhage global respect. The SEC are intended to be public servants. The proposed rule conflicts with your mission statement in which you claim to strive for fair and efficient markets and to protect investors. This mission statement is employed by the SEC to seek budgetary approval from Congress who are also meant to serve the public. Does the SEC exist to protect investors? or do they exist to protect institutions? Is the SEC, now and in the future, worthy of the public's trust? Sincerely, James Wilkins P.S. From your own communications: Vision: The SEC strives to promote a market environment that is worthy of the public’s trust and characterized by transparency and integrity. Mission: The mission of the SEC is to protect investors; maintain fair, orderly, and efficient markets; and facilitate capital formation. Values: Integrity, Accountability, Teamwork, Fairness, Effectiveness, commitment to excellence