April 20, 2022
Hello, I am a retail investor, and I dont agree with the proposed rule change. This rule negatively affects fair market mechanics, and gives unlimited power and scope to bad actors who would abuse such mechanics. It is set in place to \"alleviate Fail To Delivers\", but in action does nothing to eliminate them, and in effect protects the action of naked short selling, which to my understanding, is illegal.
This rule leverages the complexity of financial vehicles to put power in the hands of institutions, effectively safe-guarding them from their own bad bets. Passing this new rule would only further deteriorate the American public's faith in a \"free and fair market\". I urge you to withdraw this proposal immediately.