Mar. 24, 2023
I am an individual investor, taxpayer, and concerned American. I am writing in opposition to the proposed rule, specifically the exceptions made for market makers. The U.S. government needs to stop providing special treatment to those who are undermining the strength and constitution of this country through devaluing its companies and currency through blatant, obvious market manipulation. These "bona fide" market makers do not "make markets" at all, but rather use exceptions carved out for them to sell things they do not own and manipulate market prices to prevent themselves from losing money. The very same people also own hedge funds in what is quite possibly the most egregious conflict of interest I have heard of (and there are certainly plenty), using their market making powers to further enrich themselves through these hedge funds. No more exceptions, full stop. No more FTDs. No more naked short sales. No more fetishizing "liquidity", which is just a euphemism for fabricating assets out of thin air and disrupting natural price discovery via supply and demand. One only needs to look at the current state of banking worldwide to see the natural consequences. If the SEC approves this rule, the SEC is complicit in the corruption and destruction of our markets and the US Government will further lose the faith of its increasingly angry people. Reject this rule outright. No more enabling. No more exceptions. None. Reis Hansen LICSW