Apr. 24, 2022
This proposal should be withdrawn immediately. It does nothing to protect retail investors, it only looks to protect big players in the market that have been manipulating stocks for years. It allows them to use synthetic shares as collateral to create more synthetic shares. The simplest way to describe this is theft. It gives bad players in the market another way to illegally suppress the price of a stock they have shorted. Retail investors want a free, fair and transparent market. That is why the SEC exists. Please do your job. In closing I would like to state again that I VEHEMENTLY OPPOSE this proposal. Please withdraw it immediately. Thank you, Michael Murphy