Apr. 19, 2022
This rule seems like a cheap way to can-kick a FTD problem/idiosyncratic risk, rather than buy-in at current market value. I.e. seems crafted to protect the practice of abusive short-selling, when it doesn't work out for the SHF. The complexity of rules that govern our “fair” market, are not created by Retail, rather by Wall Street, big banks, and Hedge funds, and they use the complexity to their advantage. This rule is just another example of leveraging complexity to fleece over retail by keeping them ignorant. DO NOT PASS THIS UNLESS YOU WANT TO PROVE THAT YOU DO NOT WANT TO PROTECT RETAIL INVESTORS.