February 13, 2022
I am a retail investor and I am against this becoming a rule because it pits the industry against retail.
Limiting the price or losses and market impact of a defaulting borrower's positions is allowing naked short selling criminals to retain more of their plunder and gains accrued from possession of that plunder.
Naked shorting is supposedly illegal yet the SEC and NSCC openly condone the practice and fail to enforce the existing rules. That's a crime in itself and y'all guilty of aiding abetting market manipulation and fraudulent investment schemes.