Apr. 20, 2022
Good morning. I'm a retail investor concerned about this proposed rule change. While I am not a lawyer, and this proposed rule change comprises nearly 200 pages of borderline incomprehensible legal speak, I have done my best to understand the impact of this proposal. It would seem that a major effect of this proposal (whether the primary intention, or a secondary consequence) is to reduce the risk inherent to naked short selling stocks. Firstly - naked short selling is illegal. The SEC should not seek to protect criminals from justice. It strikes me that this proposal seeks to provide a solution to a problem that only exists due to bad actors and criminal activity. However, a solution that rewards those who have violated the law (thus creating the liquidity issue, and market instability), and worse, emboldens them to violate it further - is no solution at all. If you can't stop naked short selling, at least don't make it worse. This rule change is a golden ticket for bad actors to run rampant, to trample the system, and abuse retail investors. It cannot be allowed to pass. Thank you for your time and attention. I trust you will do the right thing in this matter. Sincerely, Jordan Brock.