Apr. 20, 2022
I am strongly opposed to this rule. In an Era of virtually zero transparency and accountability on Wall Street, this rule endeavors to further obfuscate true price discovery by virtually removing any penalties for FTDs and allowing essentially an endless cycle of share lending. It is obvious that this rule will serve only to further the interests of large firms on Wall Street COMPLETELY at the expense of retail. As usual, I am dismayed by the SEC's complete incompetence in allowing these rules to CONTINUE TO BE PROPOSED OVER AND OVER AND OVER AND OVER AND OVER AGAIN. It is obvious to anyone looking who is served by these rules. Hint: it isn't retail. This rule must not pass. Please, for the love of God, SEC.....do your job and protect the investors! Sincerely, An extremely jaded retail trader.