Apr. 20, 2022
I wholeheartedly reject the idea of this proposed rule change. This is the third iteration of similarly-proposed rules, the first two of which were withdrawn from consideration after significant public outcry. A free, fair, and transparent market should not allow the implementation of onward lending/SFTs in order to “provide liquidity” to markets and market participants. If market participants have so grossly wandered from acceptable levels of risk in their activities so as to create idiosyncratic risk and potential failure of their operations and existence, so be it. Make them liquidate and go out of business. Stop pandering to the Wall Street behemoth. Hold them accountable and stop giving them means to “kick the can down the road” indefinitely and avoid the consequences of their choices. Regards, Taylor Gurley