October 15, 2021
I feel it is in the best interest of the people for this rule to be denied. Giving this kind of power to a single person, or small group of people is too much power. Begging to be abused. This will create a huge conflict of interest in a \"Free and fair\" Market. Robinhood turned off the buy button in January due to liquidity issues. Something that has not gone over well for them. This would be much worse, and legal.
Much like the abuse of dark pools, Senators trading on inside information, and front running due to Payment for Order Flow. This will be abused and has nothing to do with \"Public interest\". It's legalized cheating. Price discovery is near impossible with rampant naked shorting and constant failure-to-delievers. Suddenly giving people the ability to suspend trading at their discretion will only benefit those with said power.
The faith of the US exchange is at stake here, Hundreds of thousands of people all over the world have eyes on our markets, and how \"free and fair\" they are. It is in the best interest of the SEC to not only deny this rule, but to enforce the rules already in play. More than just a \"slap on the wrist\" what good is fining Hedge funds, and financial institutions a few million, when they make billions off illegal activity.