April 24, 2022
The proposed rule change only benefits entities such as institutions to create additional synthetic shares/naked shorts which hurt investors such as myself who has no choice but to play by the rules that are set by the SEC. The amount of knowledge that retail investors have gained from social media platforms and the internet has brought to light how much the stock market is being manipulated and how the larger institutions are able to play by their own rules and get bail-outs from the government like 2008. Even the fines given out are pennies compared to what these institutions are pocketing doing these illegal acts. I believe it would be for the benefit of everyone to reject this rule change, to pass this rule would only give retail investors more reason to leave the stock market.