Apr. 20, 2022
This rule again? This is meant to benefit the few at the expense of the many. The SEC has stood idly by for decades as Wall St did whatever they wanted. Massive FTD’s need to be settled according to the current rules of the market. Anyone with half of a brain knows that this rule is an attempt to let large financial institutions get out from under their (self created) massive obligations. We need to be coming up with rules to force these bad actors out of the market, not rules that excuse and reward their abusive and illegal practices (abusive naked shorting + FTD). Why is the SEC bending over backwards to keep bad financial actors solvent? When did the SEC mandate become “liquidity at all costs?” Michael Mindemann