April 22, 2022
It is a shame, to see this rule being proposed in the current market environment. Retail investors, and taxpayers in general, are being punished due to poor investment choices by larger institutions. It appears that the SEC is only interested in kicking the can down the road. This has been leading to mounting losses, that are continued to be supported by the U.S. government and elected officials. I'm becoming disheartened that we will ever see meaningful changes in this market, not while these market makers and hedge funds are continued to be bailed out by rules that apply exclusively to them.
When a retail investor makes a poor investment choice, they have no recourse but to lose their account value and potentially be margin called. Meanwhile larger institutions are enjoying new policies that allow them to continue using taxpayer dollars to maintain liquidity on their positions. Allowing them to bypass the policies created to protect our market from manipulation and risk.
Myself and many others will not standby while this preferential treatment is given to those with more funds, especially now that hedge funds will be included in these policies. This is disappointing, if not downright corrupt. We will continue to grow our presence and funds, and continue to educate those around us to these preferential policies. If the SEC wants any semblance of a free and open market, they may want to reconsider this stance of protecting the large players over the American citizens that comprise a majority of this country.