April 20, 2022
The market already lacks transparency and accountability for large institutions. I am disappointed this rule is being proposed.
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's all upside for market makers which excessively naked short securities, and all downside for those on the wrong side of their shorting. How does this rule contribute to a \"fair\" market by any means?
This is very frustrating to see rules like this being proposed that only favor reckless institutions.
Thank you