Mar. 23, 2023
March 23, 2023 I strongly disagree with exceptions in the proposed rule This proposal is too leanent for big players in our financial system. This rule change introduces to much risk to pensions and is dangerous to the overall health of the market. Over liquidity is creating a risk of distorted true pricing of securities, this scares me because it is easily abused and eventualy could cause harm from unknown actual risk of positions. Most trading is done off lit exchange which is already concerning and could be a sign of manipulation of security price discovery. This proposed rule increases the risk by giving the market makers more ability to take higher risk positions without the knowledge of those whose assets are being bet with. We need less risk and more transparency not the other way around. In a fair market rules would apply to all participants, exceptions should not be made. If the proposed rule passed the markets risk being seen as Phony by investors and risks massive withdrawal. If this happens everyone will suffer, you the SEC cannot allow this to happen. You must restore trust in the system and move in the opposite direction of allowing price control, aka overly flexible liquidity. I hope you will do the right thing, many are watching carefully to see if the US stock market is the right investment vehicle for them. For me my trust is Waning.