Apr. 20, 2022
I am truly saddened to see such a rule be proposed and I request that the Securities and Exchange Commission reject this absurd rule proposal. It is a slap in the face of all hardworking Americans as this rule evidently only serves to protect massive financial institutions that have over-leveraged themselves at the expense of retail investors. This rule change stands in stark contrast of SEC Chair Gary Gensler’s stated goals over this last year to reduce market complexity and create a more even playing field for retail investors. This rule change is nothing more than yet another loophole that firms will be able to use to delay their obligations, effectively completely destroying what little shred of price discovery still exists in the markets. I firmly ask you to deny this rule proposal as it is a threat against every single retail investor choosing to invest in the American securities market. Please do your part and stop this. Thank you.