April 20, 2022
This sure looks like a rule to protect people who illegally naked shorted stocks. This does nothing to improve the markets and only facilitates more FTD and questionable activities by hedge funds. We don't need more complexity and sneaky ways to commit crimes. If people/hedge funds have committed a crime (like naked short selling) they shouldn't have a way to weasel out of that position. Please take a look at Regulation SHO and enforce the crimes that are currently happening. Don't make another way out for criminals.