Apr. 20, 2022
Hello, After reading through the proposed rule, all I can say is that this is an insult to retail investors. This rule has been proposed at least twice earlier under different forms and was withdrawn already. Why is it still being pushed when it is very clear that this is against the principles and workings of a transparent market? The market is already as opaque as it can get for retail investors, with all kinds of activities occurring behind the scenes with absolutely no accountability for institutions. It is very clear that this rule aims to avoid the true price discovery in the market. This also removes all risks associated with naked shorting, which is a practice that has been greedily performed by the large institutions and market makers. How is this healthy? This rule is bad for honest investors and encourages bad practices like naked shorting to continue without any accountability. FTDs are already getting 'reset' through multiple channels like with derivatives not being allowed to reach the 30 day window when the security needs to be delivered. It is not only disheartening to see such rules being proposed again and again, knowing full well that it only helps the market makers and other reckless players. As the strongest economy in the world having the most powerful stock markets, such rules will simply result in an eventual economic collapse at a much larger scale, with unimaginable fallouts. I request you to consider the words from retail investors like me while deciding upon such regulations as well as while proposing new ones. All that we ask is a level playing field, and hold the greedy accountable, and prevent illegal practices. Is that not a fair and valid request? Kind Regards, Manoj C (A simple retail investor)