April 20, 2022
I am a retail investor and my initial thought on this rule is that this is exactly in the opposite direction on how our Fair Market is supposed to work and correspondingly gives the bad actors yet another sanctioned venue (SFT) to hide FTDs and allows naked shorting.
This rules does nothing to protect the retail investors and this rule leverages the complexity of financial vehicles to put power in the hands of institutions, effectively safe-guarding them from their own bad bets. Passing this rule would only further deteriorate the American public's faith in a \"free and fair market\".
I request you to withdraw this proposal immediately.