Oct. 15, 2021
I strongly, STRONGLY disapprove of 7.13. 1). Time is money. Arbitrary suspensions change the valuation of every option in the market without warning. 2). Picking winners and losers without consequences. If a stock is hot - holding it by a single person is the same as choosing the loser (the one with the stock) or the winner (the one who really wanted to buy it). How is that fair, reasonable, responsible? 3). Opinion is the basis for all this? Seriously? What are the criteria? What are the legal recourses? What are the checks and balances? This is the worst piece of rule making I have seen in years. Stop this. Don’t do this. Think about who proposed this and try to tell me this is in the interest of retail? Daryll Fogal "Proposed Rule 7.13 would permit the Chair of the Board of the Exchange, or the CEO, or the officer designee of the Chair or the CEO, to suspend trading in any and all securities trading on the Exchange whenever in his or her opinion such suspension would be in the public interest. "