April 22, 2022
its rules like this that show the s.e.c is not acting in the best interest of retail. this is basically a reverse repo for short sellers. a small fee for get out of margin card. Instead of addressing the problem short sellers being over leveraged and not regulated enough. you are giving them a way to kick the can and cover naked shorts.why are you always acting in the best interest of short sellers but keep telling retail we are doing these rules to protect you from massive sell offs and margin calls. Well if you guys did your jobs properly you wouldnt be having these problems. Fix the real issue instead of making it someone elses problem. or just making them pay the super rich a small fee to get away with crimes. The fact you state this will be used to cover naked shorts is pathetic. so you are admitting they exist? please do your job we are watching and smarter than you think