June 21, 2021
I just have to say this rule must be implemented to protect retail investors from Naked Short selling it is very apparent if you are good at math. I am a Dr. and mathmetician from Harvard university.You guys are allowing crazy and already ILLEGAL tactics to occur and its called FRAUD. The problem is normal people pay stock prices for authentic stocks while hedge funds buy fake stocks that dont exist with their money because their are not enough to buy in a day. All this rule will do is force hedgefunds and Wallstreet to account for their shares at the end of the trading day and make more visible to the world that the SEC plays fair for both sides. The little guy and big guy on a level and transparent playing field. It will also make it easier for the SEC to conduct investigations and more switftly investigate allegations of fraud. Please for all of humanity approve this rule. Millions of peoples lives have been hurt because of tactics like these with naked shorting, short ladder attacks and \"printing\" shares, also Wallstreet's Artificial Intelligence trading and the practice of a computer trading the same pre-cordinated shares back and forth 1000's of times to make it look like legitimate downward selling pressure is going on should be investigated too. Average trader safety should be considered around that too, this is a professional business not Las Vegas, Nevada.
-Frank