April 25, 2022
AS A RETAIL INVESTOR, I AM AGAINST THIS RULE AND SHOULD BE WITHDRAWN IMMEDIATELY.
The passage of this proposal would give institutions an even greater advantage over retail while further suppressing market transparency.
Brokers, hedge funds and the like have acquired debts they do not (or cannot) want to pay. A perfect example is Citadel owing (per their 2021 statement) over$65 billion in \"securities sold, not yet purchased, at fair value\". So, rather than pay their debts like the rest of us, they make new rules to avoid them. In the process this will be the largest robbery of assets in world history. No amount of revising can change the fact that this rule allows hundreds of billions of dollars to go unpaid while harming retail investors, retirement funds, mutual funds and others. If I attempted a move like this, it would be considered money laundering and I would be charged with a felony offense. Yet, I don't have the authority to simply change the rules to benefit self.