April 22, 2022
I find this proposal relief borrowers/short sellers from their obligation to deliver their FTDs in a timely fashion. Such a relief will not lead to better competitiveness and will open the door for abusive short selling without fear of harsh consequences. I understand that overleveraged hedge funds represents a risk to market stability, but creating a situation where bad players can continue using their tactics to stay overleveraged and hide their FTDs is not the right way to deal with the situation. As a retail investors I did not see any consideration to the harm that retail investors can suffer with such proposal. Thereby I clearly object on that proposed rules and hope the SEC takes into considerations the point I mentioned and withdraw the proposal.
Please stop endless FTD's and naked shorting. You
guys are supposed to protect the American people
and as it turns out or well seems... all you guys do
this is turn a blind eye and accept small fines. ALL
of retail and the world is watching. Do the right
thing or drag the country down with this greed.
I always knew growing up that the Stock market was
rigged but not to this extent. It seems everyone is
complicit in the theft of everyday taxpayer's
earnings. On that note I plead that you all do the right thing and end this madness. Make the market a fair place for all. Dark pools, algorithms and multi-billion dollar funds/banks already have tools that give them a
major advantage over the average investor. Although dark pools should absolutely be banned just like in China and England. No more FTD's We've had enough Swaps and ISDA contracts blow my mind as well. We want fair price action