Apr. 20, 2022
Hi, I am a retail investor, and would like to make my thoughts to this proposed rule known. This rule is a goddamn slap in the face of fair market mechanics, and gives unlimited power and scope to corruptions for who would abuse such mechanics. It is set in place to "alleviate Fail To Delivers", but in action does nothing to eliminate them, and in effect protects the action of naked short selling, which is already illegal. This rule leverages the complexity of financial vehicles to put power in the hands of institutions, effectively safe-guarding them from their own bad bets. Passing this new rule would only further deteriorate the American public's faith in a "free and fair market". I urge you to withdraw this proposal immediately. PS: Come on, you know how bad is the economics now for the general people. Stop protecting the goddamn rich power-abuser. You know GME is the first and only way to replace the old system for a change.