April 23, 2022
This rule is a clear attempt to launder illegal naked shorts and FTDs. The DTCC and the NSCC know there are billions (maybe trillions) of dollars worth of naked counterfeit shorts, FTDs that need closed.
This rule allows trillions of dollars to go unpaid, stealing from retail investors, retirement funds, mutual funds, and businesses. This is the 1% changing the rules because they made bad investments they cannot cover. This will shatter any remaining trust investors have in the U.S. stock market if allowed.