Oct. 26, 2022
To whom this may concern, This comment seeks to prevent the proposed rule from being totally toothless. When looking through the Proposed Rule filing for rules 9J-1 and 10B-1, there is not a singular mention of fines or punishments for failing to report according to the aforementioned reproposed Rules. These Rules are targeted towards "SBSD" and "MSBSP", both of which include incredibly wealthy players in our financial markets. Any proposed fines need to be based off percentages of the Net Worth of these players or institutions and/or failures to abide by applicable rules need to result in jail time and/or removal of "SBS Entity" titles and pertinent rights. Paltry fines are just a cost of doing business and are tied into the business models of these entities. The collusion and racketeering of these entities needs to be uncovered and stopped before extreme financial consequences on the 99% are further recognized. We are living through a financial hardship due to the Financial Ponzi Scheme that is the US Stock Market. Please make your fines and punishments something these crooks and criminals should be afraid of instead of finding room in their multi-billion dollar budgets for a $100,000 or $1,000,000 fine. It's pennies for them and an unacceptable and useless way of regulating these enormously wealthy entities. Anonymous