April 21, 2022
I find this proposal relief borrowers/short sellers from their obligation to deliver their FTDs in a timely matter. 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 over-leverage hedge funds represents a risk to market stability, but creating a situation where bad players can continue using their tactics to stay over-leverage and hide their FTDs is not the right way to deal with the situation. As a retail investor I did not see any consideration to the harm that retail investors can suffer with such proposal. Thereby I clearly object on that proposed rule and I hope that the SEC takes into consideration the point I mentioned and withdraw the proposal. Thank you.