April 20, 2022
Everyone knows why this rule is being proposed. This is the most unethical rule I have ever seen in my 20 years of being in the market. The US stock market will be an even worse laughing stock if short positions are allowed to be forgiven through collateral exchanging of equities.
I wish I could do the same with my personal collateral, as well as being able to assign my own estimation of value to said collateral.
This rule is asking for the largest karma blowback ever seen for the SEC and US markets as a whole.