April 22, 2022
This proposal is an affront to the integrity of Americas economy and the capital markets.
This rule would enable market makers and short sellers to unfairly gain position and wealth at the direct expense of the very retail investor constituents and small business YOU are responsible for protecting. This is literally the opposite of your mandate, being wrongly marketed as protecting market integrity.
Instead of making rules to protect and enable destructive and often illegal practices of market makers and backers, hold THEM to account. They can not be exempt from the consequences the rest of a functioning society can not avoid.
I cant borrow and endless supply of camper trailers (that don't actually exist) to to rent out indefinitely, without ever being forced to return it, while having the costs covered. Why can short sellers and market makers do this with securities?
Institutions, market makers and short sellers have made their beds AGAIN.
Please don't force retail investors to lay in it.