April 20, 2022
I am disappointed to see that this rule is being proposed.
I gave my best to understand every legal speak in the file and have come to a conclusion.
This rule would increase avoidance of true market price discovery through onward lending. It also removes the infinite risk of naked shorting entirely, and in so doing the deterrent of engaging in what is supposed to be very risky business practice.
It is very frustrating to see rules like this being proposed that only favor reckless institutions. Hopefully, you'll consider the words of retail investors more with your decision-making on regulations, as we've been educating ourselves a lot more over the past couple years.