April 25, 2022
I do not approve of this proposal, it harms retail investors and is CLEARLY designed to protect financial institutions from the natural consequences of illegal activity, namely engaging in synthetic share / naked shorting.
It does not help the economy. It is an incentive to continually target small businesses, cellar box and naked short to profit. The innovation and pharma being lost through this is heinous.
I have no button that absolves me of the consequences of my actions.
The SECs mandate is to protect retail and listed companies by providing a fair and equitable market.
All my effort to protect vulnerable companies / jobs at the pandemic onset has only brought substantial portfolio losses.
If the retail investor can lose everything and regulatory bodies do not care, but assist those committing illegalities. As SM sentiment is clearly showing now, there will be a retail mass exodus. And, we also own pension plans institutions ETFs.
Please do not pass this proposal.
I have been an active investor in the U.S stock market for over 20 years.