Sep. 14, 2023
This rule was supposed to be implemented in 2016 and continues to be pushed back. Why are you trying to delay household and market protections even longer? Your office just acknowledged there are predatory short and latency sales being perpetrated by the largest hedge funds responsible for routing nearly all transactions and with that comes the aforementioned danger to US markets but instead of implementing the start of fixes you're considering giving them even more time to do vastly more damage to our markets. This is an absolute slap to the face for 300 million household investors to placate several greedy hedge funds who have literally already been acknowledged as the cause of the problem. Are you okay with penning your names to be complicit and even enabling their illegal actions? It's not a great look for you and further undermines any trust in the US markets and will likely cause even more global investors to pull out and look elsewhere to protect their investments. Who will want to invest in the future when they know you'll never protect anyone's investment but the ones you already acknowledged are the problem? I would never encourage my friends and family to invest in this unregulated "market" designed to line the pockets of bad actors and Ponzi schemers. Laissez-faire regulation has proven to enable the problems your office just acknowledged, in what world would giving them even longer to destroy our markets be the right answer? Do not allow any more extensions. Emily