April 20, 2022
This absolutely cant pass. I completely object to this ruling because it gives hedge funds and wall street as a whole another vehicle to escape from their obligations to make good on their short obligations. This rule will effectively let them continually and infinitely kick the can down the road without ever having to make good on their borrowed shares of any given stock. This obviously will further hurt healthy and well established companies because hedge funds will continually be able to short companies knowing they are protected from the downsides of taking a short position. If you genuinely care about the market and every day traders, you would never allow this to pass.