Subject: S7-01-23 - Comments on Exceptions
From: modefan
Affiliation:

Mar. 23, 2023

 

Good Morning, 
There should be absolutely no exceptions made for any reason for proposed rule S7-01-23. The following exceptions requested should all be denied: 
Risk-mitigating hedging activities
Bona fide market-making activities
Liquidity commitments


These rules only allow extreme profit taking and abuse of the markets by the few. In a fair and free market these rules need to be applied equally to all.  You are the SEC, make our markets fair. There is already conflict of interest between household investors and entities that have both market making and hedge fund arms. It’s destroyed the market and is taking the economy with it. You should also ban all FTDs. How is the practice of Failure To Deliver even defendable? 


JMB