April 20, 2022
Naked shorting should not be allowed to \"kick the can\" down the road. Shorts made the decision to short a company stock and this strategy has unlimited risks. They knew what they were getting into and should not be bailed out on making bad decisions.
FTDs and naked shorts need to be better regulated by the DTC/DTCC and hedge funds/market makers need to be accountable for reporting these numbers and closing their positions.
This rule only helps those that made a bad decision and does nothing for the free market that the stock market is supposed to be. Retail will only be hindered more by shenanigans like this.
This should not pass if the market is modeled as a free market.