Apr. 20, 2022
To Whom it May Concern, As a retail investor I am absolutely baffled by the introduction of this rule. It should not even be entertained at this time, or any time for that matter. This rule harms investors, and it’s my understanding that the SEC exists to protect retail investors. Security financial transactions should not be allowed. It’s just another layer of convolution that only benefits hedge funds and large investors. Please tell me, if a retail investor shorts a company, and is entirely wrong in that position, can they change the rules to never pay what is due? It is entirely unfair and I am disgusted that this is even a proposed rule to protect the rich and rob the retail. If you really exist to protect the retail investor you would propose rules that eliminate payment for order flow and dark pools, not rules that kick the can further down the road for short positions held by hedge funds. Please do not adopt this rule, moreover please do not even entertain rules like this in the future. The market needs more transparency and this does the exact opposite of it. Thank you for your time, Nick