Apr. 20, 2022
To Whom It May Concern, I am a US citizen and a retail investor and I vehemently oppose this rule. The idea of SFT's -security financial transactions- is absolutely absurd to me and I'm sure many, many other retail investor as you are quite literally attempting to give financial institutions with massive amounts of FTD's - Fail To Deliver- an official instrument to skirt their obligations to fulfill those orders and indefinitely kick-the-can. How did this even come to be proposed at all? Please shelf this immediately. This serves absolutely no purpose as to what the SEC *should* stand for, which is insuring a free and fair market by protecting retail investors from the massive influence of large financial institutions (which is what this entire proposal reeks of, by the way). Sincerely and Honestly Jon Sonnenberg