April 20, 2022
I must object to this rule, and the reason why is simple. With every rule I've commented on, I think to myself \"Who is this for?\"
In this case, this rule is clearly designed to protect market makers and hedge funds from any risk in short-trading under the ever-present excuse of of ptoiding liquidity in a market becoming increasingly illiquid due to those same market makers use of naked short selling.
In my view, if you short a stock, you take a risk. We as retail investors take a risk when we buy any stock due to a lack of protection from the SEC and nepotism and greed at the DTCC and NSCC, so why should any company, no matter how large, be exempt from that same risk? You short a stock and it squeezes. you pay. Simple as that.
This is blatant market manipulation made business as usual. I object in the strongest of terms and I hope the many others that agree with me comment as well.