April 22, 2022
As a stockholder with retirement accounts, I am deeply concerned with rule (801). The proposed rule allows hedge funds to bypass accountability for their liabilities. This is theft on a grandiose scale and basically a way to launder short, naked short, and FTDs. Citidel per their 2021 filing has over 65 billion in securities borrowed and sold not yet purchased back. This rule will allow the largest robbery of assets in world history. This rule does not protect retail, nor does it benefit retail in any way, this rule has been drafted to protect over leveraged hedge funds. This will kill fair markets or true price discovery, basically allowing nefarious short sellers to indefinitely rob retail investors hundreds of billions of dollars in unpaid financial obligations. This rule should not be passed in any way shape or form