Mar. 20, 2023
March 20, 2023 I am a citizen and individual retail investor. I am opposed to this proposed rule S7-01-23. It allows a loophole for naked shorting to continue and allows naked shares sold short to not be covered and closed. I against this proposed rule SEC can fix everything by implementing two things. 1. a bonafide legitimate share can only be lent out one time. never more than once. 2. every share sold short must be forced to be be delivered after 1 month. short selling is out of control and the SEC refused to reign it in. FTd's are at historic high and shares are being sold short without finding legitimate share locates. We retail see the crime being done daily. the proposed rule S7-01-23 attempts to create loopholes for rules already in place, designed to prevent market instability. By creating a loophole, they would create further instability. enforce the rules already in place. I strongly urge the SEC to chose the side of retail and not the bank who came up with this loophole which give them an out for their massive naked short sales. Do not pass this rule