Mar. 27, 2023
March 27, 2023 What is the purpose of the rule if market makers are exempted? I don't want any \"exceptions\" for risk-mitigating hedging activities, bona fide market making certain liquidity commitments. After a thorough review of the proposed rule, I believe that it will negatively impact individual investors and leave room for manipulative hedge funds to do as they please. The proposed rule inadequately protects household investors by reducing the information available to them. This lack of transparency makes it harder for them to make informed investment decisions, potentially leading to losses. The proposed rule could be exploited by manipulative hedge funds. These funds have a history of manipulative behavior in the securities market, and the exemption would offer them a new opportunity to engage in such practices. By limiting the exemption to accredited investors, hedge funds could create fake accredited investor accounts to conduct manipulative behavior outside of regulatory oversight.