Apr. 20, 2022
Dear SEC, I am a passionate retail investor invested in U.S. markets, and would like to comment expressing my extreme disappointment with this proposed rule. To my understanding, this rule goes against everything someone would consider to be fair and free. You would be exempting legitimate price discovery in the name of maintaining liquidity. When there is no liquidity there must be a form of price discovery to be had. By removing rules and regulations to smooth out a short covering action with made up short bux. There would never be a reason to cover your shares without going bankrupt. This rule proposal will not only embarrass our once great nation on a global scale. It would simply encourage rampant short-selling, particularly naked short-selling, which if allowed to continue without consequence will lead to inaccurate (if not non-existent) price discovery and an overall degradation of market structure. This rule leverages the complexity of financial world to put power in the hands of institutions, who are not only self regulated. But held in limbo unable to make any change without senate approval. We musn't make it harder to effectively combat wrongdoers in our financial markets. By passing this regulation. You would effectively safe-guard them from their own bad bets. I urge you to withdraw this proposal immediately and ensure that horrdenos proposals should never be made in the sake of liquidity. There needs to be an all encompassing change in the financial markets. T. Thank you for reading.