April 9, 2021
I fully support this proposed rule change. More oversight of hedge funds is obviously required to protect the millions of American citizens who trust HF owners to act in their best interest. Time and again, HFs have proven that they act on their own best interests and seek to make a profit through very risky practices and loop holes.
I believe this rule is a great start to holding the HFs accountable, but it will only work if the SEC uses the rule aggressively enough to shut down risky strategies like buying millions of synthetic shares on borrowed money and time, and putting the entire market at risk.
Thanks