Apr. 20, 2022
This rule seeks to allow Citadel to clear obligations and let them to continually naked short companies. This new rule should not stand! Maybe you should actually make them follow the laws already on the books! Now that people are direct registering their GME shares we will soon have irrefutable evidence of Citadel the market makers misdeeds. Do the right thing stick up for American companies and retail investors, not for Ken Griffins big money interest. Look up Citadels short swap data and see all the companies they are ‘cellar boxing’. Many have already went bankrupt. Abusive Naked shorting should not be condoned in the market place. Citadel Securities tries to bankrupt companies hurting people’s investments and causing job losses. This is unacceptable that you wish to make rules to further let them defraud the market. Instead you should implement rules to protect companies and investors! Do the right thing!