Apr. 20, 2022
I am writing this email as a very concerned US Investor as to the implications of current rule that is being proposed. After reviewing the file several times it is very evident that the proposed rule goes against the very interest of all retail investors, who the SEC is suppose to protect. It appears that this rule increases the possibility for circumvention of true market price discovery through unceasing lending. It also substantially lessens the infinite risk of naked shorting, a practice that I am very sure you are aware of is by nature and for good reason very risky. By lessening or removing that risk, Institutional Investors are free to essentially gamble with taxpayers and retail investors money, there by posing a fundamental risk to the integrity of the US Stock Markets. What is needed is more transparency in how the markets operate, to level the playing fields between retail and institutional investors. Considering the current issues that our society is facing including ever widening wealth gap and soaring inflation, this proposed rule acts directly against what is currently needed. I would consider increased transparency essential for a sound and fair economy. Having voiced my concerns I would hope that those in the positions to help retail investors, such as myself, will reevaluate their position and withdraw that ruling completely. Sent from my iPhone