Aug. 12, 2023
To Whom it May Concern: I am writing to express my STRONG OPPOSITION to proposed rule S7-6-22. In a market that is already plagued by accusations of manipulation and fraud (see Citadel and GME short positions), the last thing we need is a rule that reduces transparency. What do I mean? Well, the current trend of fining hedge funds and others several million dollars for impropriety when they've profited 100 times that is as impotent as a patient who needs viagra. There needs to be a more solid and stronger effort to improve the rights of us "little people" who view this as nothing more than a naked attempt to subvert what little power we have in the market and give it to those manipulators. And lastly, I don't believe that insider trading should EVER be legal in any manner, shape or form. I mean, can you imagine? There are members of Congress and our government who are already ethically challenged. And you want to give them carte blanche to take bribes in the form of insider information? Thank you for your time So I would describe my position on this rule as a HARD PASS