October 16, 2021
Hello,
I believe that unscrupulous permissions to \"suspend trading in any and all securities\" should not be left up to a matter of opinion, regardless of if there is a soft qualification of the action being \"in the public interest\". This rules change, if enacted, is an explicit move to erode the progress made towards the stated mission statement of the SEC: \"maintaining fair, orderly, and efficient markets, and facilitating capital formation\"
My faith that US markets are being conducted in an open, honest, free, and fair manner has already been eroded in the past year. And this rules change if enacted would only function as a continued assault on my faith in the US financial system.
I suggest that the SEC begins policing the markets in a way where larger players actually feel a reasonable and stern pressure to act within the boundaries of SEC rulings and laws. This would be a much bigger leap in progress towards the pursuit of \"fair, orderly, and efficient markets\" than continuing to allow these larger market players to act with impunity in the face of insignificant punishments of laughably small fines. Having your market participants act in an orderly manner adherent to your rulings should prevent the need to shut down trading on a given security in the first place. That would be a much better solution than this proposed rules change.