Mar. 15, 2023
To Whom it May Concern, The below reasons are why I object to the allowance of any such exemptions for market makers or hedge funds. These exemptions will absolutely be exploited by hedge funds and market makers. This is just one more avenue to engage in manipulative behaviour that is detrimental to the markets and retail investors. These exemptions are not to protect the market, they are meant to protect those utilizing them. This rule leaves retail investors susceptible to risk through no fault of their own by hiding what should be 100% publicly available information. The SEC cannot in good faith call this a fair and balanced market if proposed rules like this are allowed to be implemented. - Nathan Wallack