Apr. 20, 2022
It has already been acknowledged that illegal naked shorts and dark pools have caused problems for retail investors. The function of the SEC is to protect ALL investors with the rules and regulations they approve and as it stands, the current rules are not being enforced. The constant excuse for "no budget" is wearing thin. Increase the fines to something substantial and mandatory jail time for illegal activity instead of a slap on the wrist and a minimal "cost of doing business" fine. This proposed rule seems to be crafted to protect the practice of abusive short-selling instead of forcing a buy-in at current market value. Vote No on SR-NSCC-2022-003