April 22, 2022
This proposed rule change is clearly designed to protect institutions/individuals from the natural consequences of unconscionable and/or illegal activity in the stock market, specifically the engagement in synthetic share/naked short transactions, which have been used to artificially suppress and manipulate stock prices. This activity protects large and powerful entities from losses due to their own poor investments, an advantage that common retail investors don't enjoy. The common retail investor can lose everything and the regulatory agencies do not seem to care.
It increases the odds and magnitude of economic collapse because it allows the other pension funds and such to be dragged down with the HF's.