Oct. 17, 2021
Dear SEC, I think more clarification is needed with regards to this proposed rule. It seems this helps the institutions once again by giving them more time to cash-up to avoid or further delay their obligations. The blatant disregard of the rules (by larger institutions) for operating in an open/free market is ludicrous. The SEC needs to ensure a fair market for ALL who trade within it. If they've made bad investments, they need to settle up and move on. It's no different than when the little guy does just that, their money is taken and nobody cares. It's simply "the risks of investing." That's fine as we all know the risks going into the market, but when the other side is able to skirt the rules and operate at their own will, the trading market no longer has integrity and that's not okay. I hope this new rule aims to stop this inequity, but naturally I'm skeptical. -- Josh Goldstein Realtor