October 16, 2021
Simply put, the suspension of trading activities by the chair, inherently changes the value of EVERY FUTURES CONTRACT WRITTEN (I do not believe the proposed rule is ethical on any level)
THIS IS VERY LITERALLY A RULE THAT ALLOWS THEFT
Time in the future has been priced and bought/sold and you just cannot change the variables.
If you would like to introduce a rule that makes it possible to make time disappear, time that cannot be recreated in any way, you can only do that BEFORE THE CONTRACTS ARE WRITTEN
Unfortunately this rule claims to prevent fraudulent and manipulative acts and practices, to promote just and equitable principles of trade, to foster cooperation and coordination with persons engaged in facilitating transactions in securities, 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.
\"Such a suspension would not impact the ability of NYSE-listed securities to trade on
an unlisted trading privileges basis other markets.\"
The Key word here is \"OTHER MARKETS\" aka DARK POOLS
So this Rule would prevent the public from trading, but not the big players. . .
This rule creates Fraud, manipulates the market, is unethical, and allows THEFT