Apr. 22, 2022
To whom it may concern, As a retail investor, I am completely and strongly against this ruling. This rule is clearly an attempt, by the power’s that be, to legally launder the illegal naked shorts and Failure to Delivers that need to be cleared from their books. It is not unknown by the masses, nor will it be forgotten. It would be unfair to the millions of retail investors, of which whom, have lost considerable money already. For example, I, as an everyday citizen, if the money owed to pay my debts was out of reach, I would be forced to either sell what I own to pay those debts or file bankruptcy. There would be no one to bail me out. Therefore, why should a rule be facilitated by them, for them, to save themselves from the massive mistakes that have been made on their clock? Retail investors do not have the luxury to change or amend rules on our behalf! This would be one of the largest robberies of assets in history. Comment on this rule has been pulled two times already and this is the third attempt to push it through. This cannot happen. No amount of revisiting or amending the issue will change the fact that this rule would allow hundreds of billions of dollars to go unpaid while harming retail investors, retirement funds, mutual funds etc. If passed, this proposal would give hedge funds, brokers, banks and many others an even greater advantage over retail while further suppressing market transparency, which would be unforgivable. I will leave this email with you, with a clear conscience in that I have voiced my opinion and disdain that this rule would even be considered. Sincerely, Kim Robbins