Apr. 20, 2022
Hi there, I am absolutely 100% against this new ruling. This is extremely anti-retail and allows counterfeiting. Not only does it allow hedge funds and market makers to dodge "fail to deliver" obligations permanently via rolling loans, like paying off a credit card with a credit card forever, it prevents accurate price discovery and leads to market manipulation. Throw out this rule ASAP. Stop allowing blatantly corrupt and illegal shit like this to even be submitted. Fix American markets already and persecute illegal counterfeiting of shares. It is anti-retail investor, anti-market, and liable to extreme abuse. As a Canadian investor, I am seriously disgruntled with the absolute lack of enforcement in US markets, and rules like this destroy the US market's credibility further. Thanks for your time. Regards, McRae www.McRaeWrites.com