Apr. 19, 2022
Hello, I hope this email finds you well. I would like to respectfully inform you that this proposal is criminal in nature. It reduces accountability and allows for financial obligations and regulations to be circumvented. In fact, page 3 (23330) even says that it will "...not likely be compatible with the regulatory requirements...applicable to many of the regulated institutional firms..." This proposal not only harms market conditions for retail investors, but harms the overall health of the U.S. financial market at the cost of all parties who are unable to participate in this proposal. I hope that my remaining faith in the U.S. financial markets will remain intact with the removal of this proposal. Please block this proposal and I wish you a pleasant rest of your day. Thanks, Justin McGettigan