Oct. 15, 2021
Hi Gary or whoever is going to read this, Hope all is well. Thank you for allowing us to express our thoughts. I just read thru the 6 pages for the new rule you wish to get approved. Based on my opinion this rule is not in favor of the retail investor. That got me thinking, !!WHY ARE THEY TRYING TO INPLMENT A RULE LIKE THIS?!!! What is going on behind the scenes that you don't want us to know about? Is it what's in the Gamestop "report" that made you come up with this rule?? (We won't get into the fact that you still haven't released it.) I think if you address the reason why you think you need to "protect" the retail investor, you'll see the retail investor is just fine. It's the system (the plumbing) that needs to be addressed. Maybe it's consolidation, maybe it's PFOF. I'm sure you'll ask staff to look into it... What I do know is that it should not be your opinion if you think that a security should be halted. There are mechanisms already set up to protect upswings and downswings. Besides you know what they say about opinions... Stop protecting people that made a bad bet. Let the market have true price discovery. Stop thinking and start doing. Sincerely,