Aug. 20, 2021
Dear commission, I have chose to write to you today regarding rule 15c2-11 and Retail protections. The vast changes that will occur in the upcoming month will dictate the OTC moving forward for at least a year or more. The recent rule has implications which many do not fully understand, good and bad. In effect it's similar to a pilot program. In fact, the expert Market has been delayed. Currently retail brokers have implemented changes to sell only orders for no information tickers. The implications will cause the biggest retail theft in history as it is a one sided trade. The mass Exodus will destroy stock prices and impede future resurrection of these companies or mergers as audits will be necessary to uplist. This will affect pink current stocks as uncertainty leads to less volumes. A solution is to extend the deadline or clearly halt trading in these entities that are affected immediately as broker guidelines are iniated. As these companies in transition become current, then allow the halt to be lifted. An extension will provide many more companies to go public. This can be implemented in an amendment to supersede actions of brokers or complement actions. The one sided trade has been debated in congress & is has its critics. As the new deadline approaches, non compliant tickers will go straight to the Grey market. Please implement these changes or similar actions to support & foster retail. I feel these changes far out way the negative consequences and provide protections. Uncertainty needs to be avoided. Thanks Retail investor John Guerriero