April 24, 2022
I urge you not to pass this rule change. It only allows market makers and hedge funds to delay inevitable and healthy market corrections utilizing synthetic naked shares. Have they not shown that their past behavior has placed us in a very bad current position with the derivatives market? Was 2008 not a lesson? They will continue to utilize any loophole extended to them, and this proposal extends many. We cannot continue to prop up this market and economy. It needs to correct. The inevitable pain will only grows larger with this proposal. I only see protections being put in place for institutions as there is no mention of retail protections. This too big to fail philosophy needs to stop now. The market needs to take the pain it has coming to it so we can get back to some semblance of reasonable valuations. This will only lead to more money printing and further devaluation of the US dollar in the long term. If this passes, retail and the internet will spread what the government has done to protect the 0.001% and leave us 99% to pay the bill as banks are once again bailed out. The public is more educated in these current times and will not stand for this.