February 4, 2022
You don't need a weatherman to know which way the wind blows. Please don't let professionally drafted responses deter the SEC and US Government from doing what is right and proper for orderly and fair markets. All that glitters isn't gold. The opposing parties to this rule have had enough time to plan or should have had contingency plans should something go sideways with a particular business model. They can figure it out. What is there driving force behind their position, figure out how to operate in a new paradigm or stall as long as possible so as to not lose their unequitable advantage. Those that adapt survive nature, business the world as they have their own overpowering pace.
If you are weak on the law argue the facts, if weak on the facts argue the law. The facts are there and laws must be fair and equitable in applicability and enforcement given the body of evidence collected over time. That responsibility rests with the Government who is the only entity powerful enough to counter the resources of the parties both necessitating and opposing the change in rules. I can only hope for a expeditious mitigation to this festering problem and these rules are the medicine. The sooner you take the medicine the sooner we heal.
The world is watching as are hard working Americans that are more than likely dependent on the US equity market for their financial security and wealth growth. If we have to play the game make it fair so not only Americans are comfortable to partake but the rest of the willing world to our financial markets.