Aug. 14, 2023
Hello, thank you for taking the time to read my comments on S7-6-22. I do not support this rule. This proposal needs a rewrite which omits Rule 13d-3 "to deem holders of certain cash-settled derivatives securities as beneficial owners." No no and no. This could give shareholder rights (such as voting) to derivatives holders. Derivative holders should not receive the same rights as shareholds. Derivative holders should not be allowed the voting rights of shareholders. If they want voting rights they can buy the share outright. Not sure what corporate hedge shill lobbyist clown was able to slip this in, but it needs to be omitted from the final rule proposal. Overall, this proposal needs a rewrite that strengthens transparency in reporting, but does not give an unfair advantage of voting rights to derivative holders. Thanks and I look forward to an amended proposal.