Apr. 19, 2023
April 19, 2023 I am an individual household by investor residing inside the United States, and I wanted to voice my support for the proposed amendments to rule 3b-16. Currently, I have almost zero confidence in the safety/integrity 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 the open: many household investors thought they were buying crypto assets backed by real stocks, when in fact they were buying something even less secure. Crypto exchanges still give these useless assets a value, even though they've been unmasked as worthless. This gives the appearance of fraudulent behavior, and it makes me as an household investor wonder whether I can trust US markets for genuine price discovery. If this rule is not put into practice, I fear there will only be more, and perhaps worse, instances of the FTX situation and all faith globally will be lost in our US markets. 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 for all investors. Best regards, Chad V