April 24, 2022
I broke this down to simple terms. This proposed rule change is CLEARLY designed to protect institutions namely hedge funds/broker dealers/market makers/brokerage houses/the DTCC and select high net worth individuals from the natural consequences of unconscionable and/or ILLEGAL activity (naked shorting/dark pooling/algorithmic manipulation and frontrunning trades by retail investors in the stock market, specifically the engagement in synthetic share/naked short transactions, which have been used to artificially suppress and manipulate stock prices. This activity protects large and powerful entities from losses due to their OWN poor investments due to greed, an advantage that common retail investors do not have at their disposal. The common retail investor can lose everything and the regulatory agencies do not seem to care, while the large and powerful hedge funds have the safety net of nefarious rule changes or retail/tax payor bailouts. Millions of us have learned, retail losses are sometimes not even due to poor investment choices, but rather we are merely victims of corrupt and illegal stock market practices being committed by hedge funds, market makers, brokers, etc. And this time, we are watching. If retail investors are not properly represented, protected and compensated moving forward, our voices WILL be heard around the world, and this could have a negative impact on the markets as a whole moving forward. This is not the capitalism or free market society that will strengthen this country. It will bring it down which should be considered a domestic threat and treasonous in its nature.
Thank you for your consideration and reply,
WCS