Apr. 20, 2022
To Whom It May Concern: As a retail investor I am yet again incredulous by the content of this new proposed rule that would effectively allow for FTDs (Failure To Deliver) to worsen. The only outcome of which is the continued abuse by market makers in conjunction with illegal naked shorting and abusive dark pool trade routing to control and suppress price discovery in a manner that is extremely harmful, unethical, and arguably blatantly illegal, which is contradictory to the entire purpose of the SECs very existence. Please do not allow SFTs (Security Financial Transactions) proposed in this rule, to create new and potentially endless layers of "can-kicking" to be allowed, whereby the very real financial obligations of the FTDs get passed along instead of settled. I can see how it provides stability in the moment, but it also allows for even further abusive practices wherein market makers are never held accountable for their failings. This is not acceptable and creates an opportunity to harm retail investors and it violates our rights for a free and fair market. Please remove this proposed rule and furthermore please do not try to propose something similar again in the future, as iterations of this have been rejected in the past and will continue to be rejected by educated investors every time they resurface. What a colossal waste of all our resources and trust. Thank you in advance for your timely attention to this matter, and please live up to your obligations and help the investors from predatory and unethical behavior by financial institutions. Best Regards, Aaron Krider