Feb. 2, 2024
To whom it may concern, I am writing to express my vehement disagreement in this proposed rule and what it represents. If hedge funds on Wall Street may face failed margin calls in moments of extreme market volatility, then they should manage their investments more responsibly. Period. The regular person has repercussions for their actions, inactions and investments every day. Yet Wall Street continues to avoid them, instead receiving slaps on the wrist. With every day that goes by it becomes harder and harder for the everyday person to invest in this market with confidence. The SEC is supposed to protect everyone and make sure the market is fair for everyone, not just their affiliates, or the most powerful and richest people. This rule allows far too much leeway for irresponsible billionaires. They need to be held responsible, just like everyone else. This rule doesn’t do that. Thank you, John Broadbent Jr. Philadelphia, PA 19116