April 20, 2022
To Whom It May Concern,
As a retail investor, I am strongly discouraged by the content of this new proposed rule that would effectively allow Failure to Delivers to worsen, which allows for rampant market abuse. This proposed rule would cause FTDs to be irrelevant and very dangerous.
Please remove this proposed rule and I highly discourage any proposal similar in the future. FTDs are vital to market function.
As the mission of the SEC is to protect ALL investors, I recommend removing this rule and working on the issues affecting main street investors.
Thank you for your time and consideration.