Apr. 20, 2022
Complete and utter disregard for fairness and transparency. That's what this proposal is. Plain and simple it says that one person's money is more valuable then another's. To put it lightly this rule change is just another way to enable those that have brought us to the reasons in which this rule was created. Whoever thought of this rule should be utterly ashamed of themselves, as should any of those that support it's passage. Any rule that seeks to change how an FTD or short contract is settled other than on a fair, open, and transparent market is insane. Literally changing the rules of an entered into contract because someone is afraid of what that contract now means in the context of their bottom line. Embarrassing. Not only that, but attempts to pass a rule such as this have already been made and failed twice that I am aware of. Instead of looking for new rules to pass which only suit to serve a small percentage of investors, how about enforcing the current rules as they stand in a fair and transparent manner? Please put this rule proposal where it belongs, in the trash. Then continue to put any similar future rule proposals which only serve to further muddy our already tarnished market's reputation right next to it, in the trash. Sincerely, An extremely concerned market participant.