April 23, 2022
I find that this proposal relieves borrowers/short sellers from their obligation to deliver shares in a timely fashion. Such a relief will not lead to better competitiveness and will open the door to more abusive short selling without fear of harsh consequences. This makes the markets unfair for the average retail investor. I understand that over leveraged hedge funds represent a risk to market stability, but creating a creating a situation where bad players can continue using their tactics to stay over leveraged 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 can suffer from such a proposal. I thereby clearly object to this proposal and hope the SEC takes into consideration the point I mentioned and withdraw the proposal. Thank you.