April 20, 2022
I am a retail investor, and would like to make my thoughts to this proposed rule known. This rule flies in the face of fair market mechanics, and gives unlimited power and scope to bad actors who would abuse such mechanics. It is set in place to \"alleviate Fail To Delivers\", but in action does nothing to eliminate them, and in effect protects the action of naked short selling, which is ALREADY ILLEGAL. 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 new rule would only further deteriorate the American public's faith in a \"free and fair market\". I urge you to withdraw this proposal immediately. You are all as spineless as the worlds believes you are if you are going to allow the 1% to tell you how to govern a free and fair market that you KNOW does not provide fairness or freedom to the 99%. If you do not change your ways then the damage to America's credibility will continue until your economy becomes a complete joke.