Apr. 20, 2022
"NSCC understands that SFTs provide liquidity to markets and facilitates the ability of market participants to make delivery on short-sales, and thereby avoid failures to deliver, ‘‘naked’’ shorts, and similar situations." How about instead of passing the buck on FTDs with more lending, we actually deliver the shares that have been purchased -- excuse me, I mean, sold as IOUs. This rule would perpetuate the ability of short sellers, be they hedge funds or market makers, to never have to repurchase the share on the open market and never have to deliver the share sold in general. How is that price discovery? How is that not tantamount to legalizing counterfeiting? I adamantly oppose this rule and am extremely upset that the "regulatory" bodies continue to attempt to provide loopholes for market participants to avoid their obligations to regular investors. Regards, A very angry individual investor -- Marc Potempa, Ph.D. (He/Him) Cell: 847-310-2554