Apr. 20, 2022
To whom this may concern, I am writing today in disgust over this new rule being brought to the table. I request a response to please enlighten me how this in any way helps retail investors such as myself level the playing field when it comes to investing. From where I sit this ruling is simply being pumped out to help hedgefunds that have over leveraged themselves and have shorted beyond a reasonable margin. If a stock is shorted those shares OF THE SAME STOCK must be returned to the pool. Even with my basic knowledge of how the stock market works I can see that this rule is a blatant slap in the face of the people you swore to protect, so certainly someone in your positions should be easy to decipher that this is a hogwash ruling that needs to be eradicated (from my own records I believe this is the third time this rule has been brought up). I ask you to please trace back who is writing this rule and to please investigate why this person(s) is pushing for this bill. I again request an answer as to how this bill would help retail investors, and if you cannot give me a reasonable explanation then perhaps it’s best we agree to eradicate the ruling all together. Thank you, Brendon Nelson