October 16, 2021
As a retail investor I strongly oppose this filing. Mechanisms of trading halts already exist and have been working and tested for decades.
As evidenced by the January 2021 events, brokers tampering with the ordinary flow of buy orders in some securities have the ability to severely harm retail investors while incentivizing insider trading on this information.
The ability to arbitrarily halt trading in securities does not specify any secrecy requirements prior to issuing such filing. As such, it is certain that this information will be leaked and sold to dishonest market makers and other Wall Street players. This has absolutely zero benefit for retail investors, while encouraging fraud and insider trading in anticipation of such halt.
Please do your job as the SEC and protect the foundation of the US market which is the retail investor not the big hedge funds and market makers.