April 20, 2022
This Proposal is unheard of in the investing world. By allowing specific market participants to exit their obligations entered into (short selling of stock), the duty of the SEC to uphold a fair market for all has been ignored. This regulation benefits those who use the market in a dangerous and risky way, naked short selling and creating synthetic shares need to be regulated and followed up on. Never in history has someone who has made a decision to invest had regulation passed in order to exit their position. Not only that but given the circumstances regarding meme stocks, Retail investors, people who the market should work for will be affected most by this proposal. It will set a dangerous precedent of how the market works, who it works for, and how those who regulate choose how to use their time and who to protect. In my opinion, this action, and this specific regulation will be a catalyst to negative market sentiment on a scale never before seen as millions of people loose fair in the fair operation of the markets. Whilst this is an economic issue, the social and ethical ramifications must be considered - people before profit.