Apr. 20, 2022
Hello, As a retail investor I’m against this proposal, what it actually does it seems is extend borrows and make it easier to dodge FTDs and regSHO. FTDs and regSHO are there for a reason, and this proposal will reduce transparency and also increase financial instability due to market makers and hedge funds colluding to workaround the rules for reporting and continuing to increase their risky highly leveraged bets. This rule will allow them to write bad checks that they never intend to pay. These are bad actors being able to use this rule to increase corruption in the market and decrease transparency for retail. I'm not a financial expert and these rules are intentionally hard to understand for average folks which is part of the problem. I appreciate you reading this. I hope you make the right decision. Thank you Pschmall