Mar. 15, 2023
March 15, 2023
When talking about making markets fair to investors, it is very important the we prevent any and all conflicts of interest. In the event that conflicts of interest go unchecked in markets, fraud runs rampant, and people get hurt. This rule that you have proposed is a egregious slap in the face to the American investor, financial institutions, and investment firms. You are willingly claiming that in an already abused market, that it may be a good idea to let a select few have an exemption that they can contort and use loopholes in unimaginable ways. If this rule is passed, the fallout will ruin you. This rule sets a bad example for the global economy, and weakens the respect, faith and trust in the US Dollar. The dollar is only as strong as it's markets, and if you pass a rule like this you will effectively hand the keys of this entire market into the hands of the few and our market will become just as abused, fragile, and rotted as the Chinese Market. This proposal is not only cowar
dly and short sighted, but also either woefully ignorant and naive, or intentionally malicious, indignant and self-serving.
Start doing your job chairman and board. Protect us companies. And protect us small businesses. Protect us retail and institutional investors.