Apr. 08, 2021
To all parties concerned, As a shareholder of many stocks, I strongly advocate for the change to supplemental liquidity deposits as shown in file number NSCC-2021-801. Recently, I have witnessed first hand, a herd of investors express their concern and distrust in our financial system; and more specifically to our stock exchange as well as those who govern its daily operation. This is due to the growing mistrust of members and blatant manipulation of shares and shares prices; i.e. shorting to purposefully suppress the momentum. I understand that shorting is not illegal, but I’m sure that shorting with shares that do not exist is. We all can see what is going on here. Just monitor the level 2 of Webull’s platform for ticker symbol’s like AMC. There are massive sell walls on every penny spread that’s clearly not being done by the regular investor. These walls suppress the growth no matter how much the buying pressure outweighs the natural sellers. This change has been long overdue and I see no downside to gaining more foresight into members positions. Not only will this solve major issues in terms of future management of liquidity risks, but it will be a step in the right direction in terms of the everyday retail investor’s faith in the transparency of our system. Thank you for your time. Very Respectfully, Mr. Wright