Apr. 20, 2022
As a citizen, taxpayer, and registered voter of the USA- I am disappointed and disgusted by the SEC and this administration continuing to allow naked shorting, PFOF, and dark pool trading which threaten our markets daily without true consequences. This is not a rule which will protect retail investors! Instead you will continue to protect bad actors who treat our financial system as their own personal gambling hall, i.e. Wall Street, Hedge Funds, Big Banks etc. This rule allows these actors to continue rigging the system in their favour, without the consequences Retail are expected to risk when trading in our markets. The rule would avoid market price discovery through onward lending, thereby avoiding the infinite risk of naked shorting, in order to allow naked shorting to continue- which is illegal! The answer to illegal naked shorting should be to hold those doing it accountable! Not to offer them a solution which allows them to continue creating IOUs infinitely so that Retail again is fleeced by some regulation meant to confuse them! This should not pass. Period. Sincerely, Disgusted by your Tactics