. 24, 2023
24, 2023 f f v of p opo l v of k , yo o o p opo l 7-01-23 b f l o ll p of k f , k k , jo o . o ol v o l f k k o f f k . \"Rule 192 would prohibit a securitization participant from engaging, directly or indirectly, in any transaction that would involve or result in any material conflict of interest between the securitization participant and an investor in an ABS, subject to certain exceptions. Prohibited transactions would include, for example, a short sale of the ABS or the purchase of a credit default swap\" The proposed rule creates an exemption from registration under the Securities Act for certain offerings of securities by issuers that are not reporting companies, provided that the securities are sold exclusively to accredited investors. This exemption may sound reasonable on the surface, but it is flawed in several significant ways. The proposed rule would prohibit a securitization participant from entering into a \"conflicted transaction\" beginning when a person has reached, or has taken substantial steps to reach, an agreement that such person will become a securitization participant with respect to an ABS and ending one year after the date of the first closing of the sale of the relevant ABS. For clarity: if a stock that has been sold short dries up, it is on the short-seller to deliver it and/or purchase it at the true market price. If this results in the failure of the participant, that is their problem, not the individual investor's. Furthermore and onto a more malicious aspect of market loopholes, aked short selling of any kind is harmful to discovery and shouldnt be allowed. A reasonable ability to locate is hypothetical at best and should be disabled. If no stock exists, no sale of the stock is allowed. Liquidity commitments. The proposed rule would require a securitization participant relying on certain exceptions to implement compliance programs reasonably designed to ensure the securitization participants compliance with the conditions applicable to those exceptions, including reasonably designed written policies and procedures. Please reconsider the this rule proposal as it benefits the few and not the many. Sincerely, A Concerned Household Investor and American Citizen