Oct. 16, 2021
To whom it may concern. Rule 7.13 Trading Suspensions is aimed to be the best for the public's interest? Can I get clarification as to how this would help retail investors in a "free market"? "Because it is designed to prevent fraudulent and manipulative acts and practices... to remove impediments to and perfect the mechanism of a free and open market and a national market system, and, in general, to protect investors and the public interest". If stopping trades on certain securities because it's not benefitting brokers, financial institutions, market makers, etc... how is this to "protect investors and the public interest"? As stated in the filing, the decision would be taken upon the Chair or CEO to suspend trading in securities. Jeffrey Sprecher is the Chairman and CEO of NYSE. According to a news article on Reuters: https://www.reuters.com/article/us-health-coronavirus-usa-senator-idUSKBN23O2MZ "The Daily Beast reported the sales (of stocks) began after Loeffler (Senator Kelly Loeffler and wife of Jeffrey Sprecher) participated in a private coronavirus briefing for senators, prompting criticism for possibly making stock transactions based on information not available to the general public. Loeffler and her husband’s (Jeffrey Sprecher Chairman and CEO of NYSE) net worth is estimated at more than $500 million". This is the person who will take the decision to protect me and the public interest in the matters of "Fraudulent and manipulative acts and practices"? Seems like many people and agencies in power are the ones involved in unethical practices. To not do anything or turn a blind eye is just as unethical as committing "Fraudulent and manipulative acts and practices". Thank you