October 16, 2021
Rule 7.13 is definitely not in \"the public interest\". In fact it's a direct attack on the fundamental right of the people to participate in the market.
The wording of rule 7.13 is also intentionally misleading and deliberately vague, giving the Chairman unrestricted authority to shut down the market without any logical or verifiable justification.
Rule 7.13 is worded with the intention to be ambiguous and misleading. It is designed to undermine the integrity of the markets and its rules, and perpetuate inequality and disenfranchisement of the people.
Rule 7.13 reminds me of the Enabling Act of 1933 and is bound to have disastrous consequences for the United States of America.
If passed, I fully expect the Chair CEO of the NYSE to use and abuse this rule for unethical and hypocritical reasons, whenever it suits their very own self-interest, not the public's. This is guaranteed to happen because rule 7.13 is designed to enable exactly that, without any checks balances or legal repercussions.
As an investor I am shocked and appalled at the open display of corruption and incompetence of the involved institutions, showcased by rule 7.13. I virtually can not believe that actual legal experts and \"professionals\" are supposed to have worked on this, it is the kind of \"rule\" you would expect from a petulant teenager or a severe narcissist suffering from delusions of grandeur.
Anyone involved in the proposal of rule 7.13 should immediately resign, as they have proven themselves unfit for office. Including the SEC, and the Chairman of the NYSE. Shame on you.