Apr. 17, 2023
April 17, 2023 I am an individual investor residing outside the United States, and I wanted to voice my support for the proposed amendments to rule 3b-16. Currently, I have very little confidence in the safety of investing in US securities. Part of the reason for this (aside from the far-too-permissive regimes on naked shorting and FTDs) is that organizations have been securitizing equities and swaps that impact the conventional market, and doing so with little to no oversight or enforcement because they're able to do so through crypto. The FTX fiasco brought this into sharp relief: many investors thought they were buying crypto assets backed by real stocks, when in fact they were buying something even less secure than a CfD. Crypto networks still give these useless assets a value, even though they've been unmasked as worthless. This gives the appearance of \"funny money\" in the system, and it makes me as an investor wonder whether I can trust US markets to accurately price assets. If this rule is not put into practice, I fear there will only be more, and perhaps worse, instances of the FTX situation. Please help me and others like me to regain confidence in the markets. The US is a great place to invest, but not without transparency and fairness. Best regards, GW