October 17, 2021
This rule is blatantly bad for the public because it allows a stock to be suspended on the whim of a CEO or group who could have been paid off or forced to halt a stock by a nefarious 3rd party. If you insist on letting them be able to halt a stock for so long there must be specific guidelines for a situation and not be open to interpretation by an individual. Mentioned in the rule is the fact this is the norm on other exchanges as well. They should also be updated to have specific guidelines for enacting an extended halt. With the current wording the CEO could claim a broker that was set to go bankrupt from a stock or stocks is bad for the public and halt that stock even though there was nothing wrong with the stock and instead hurt the investors in that stock. This must be fixed for a fair and open market.