April 25, 2022
The ability for market makers to be affiliated with hedgefunds that they own in part or in full is a blatant conflict of interest, and should be illegal This proposed rule would give even more ability for both hedgefunds and market makers to create liquidity by taking unregulated short positions on risky stocks that should never be allowed in the first place the result of which is leaving retail investors that do not have the same opportunities as the hedgefunds and market makers to buy and sell back and forth between eachother with self reporting and poor oversight as to what they reported as real or not from the SEC. This is criminal and should not be allowed. The public deserves fiar and open markets where all naked shorts or any other positions held should be disclosed by the end of the trading day. Fines for bad actors should also be placed on a sliding rule scale, where as the larger the position held, the larger the fine should be to better protect smaller retail investors. Thank you for your consideration.