April 23, 2022
I agree with sections one and three. Section two aims to eliminate the enhanced surveillance list. This action would allow certain market participants to continue to operate in a nefarious and highly questionable manner. I believe more needs to be done to monitor firms like Archegos, Melvin, and Tiger than less. These bad actors can no longer be able to operate outside of the rules. Banks, prime brokers, and hedge funds need to be monitored for liquidity in order to avoid black swan events in the future. Monitoring these smash and grab investment firms will do more to protect legitimate companies and individual investors. When a hedge fund threatens the global financial system by making too big of a bad bet, that should be a signal to the SEC to increase monitoring of these investments, not a rule change that would allow operating in the same manner.