Oct. 16, 2021
To whom it may concern, As a foreign investor I want to express my deepest concerns regarding the SR-NYSE-2021-60 rule. In the light of events of January 2021 and outrageous, criminal decision of retail brokers to forbid their customers to purchase certain securities in order to curb their own margin requirements, this rule makes me really worried and is just another step towards me completely losing faith in fairness of US financial markets. Allowing executives of the Exchanges to suspend trading of whatever security they like whenever in their opinion it's "in public interest" without facing any consequences is simply outrageous and it is the very definition of market manipulation. By passing this rule you are literally legalising market manipulation by putting the power of artificially altering supply and demand of chosen securities in the hands of people that historically have always acted against retail investors and only for the well-being of Wall Street behemoths. I might be cynical at this point, but I am 100% convinced that if this rule was in use in January, it would be applied to prevent rising of the price of then popular securities resulting in gamma squeeze and raw buying pressure from new investors instead of slowing down the rapid decline in the price that has been the result of preventing retail to continue buying (manipulating demand side of trade) and possibly further shorting from entities that were under pressure (manipulating supply side of trade). No matter what excuse will be used, nothing justifies implementing such an outrageous rule. Sincerely,