Apr. 20, 2022
This proposed rule should not be passed. It encourages market manipulation and threatens the free market entirely. Short selling already should be illegal because of its capacity to manipulate the markets and bankrupt companies, and allowing it to be effectively even less regulated than it already is and permitting infinite fails to deliver is outrageous. Anyone who short sells a company must deliver and any new rules about short selling should force companies to deliver on time, not continuously punt their obligations. If their bet results in a loss to them, that they should suffer those consequences as part and parcel of a free market. Best, Clarissa West, J.D. South Jordan, UT Get Outlook for Android