Apr. 20, 2022
To whom it may concern, I do not believe the proposed rule change is in the best interest of a free and transparent market. The only acceptable method for resolving failure to delivers is to force parties to deliver securities with all transactions occurring on lit exchanges. The free market should determine the value of a individual security and if that security is shorted or lent out, that individual security must be used to close the position. the complexity of rules that govern our fair market, are not created by Retail, rather by Wall Street, big banks, and Hedge funds, and they use the complexity to their advantage. This rule is just another example of leveraging complexity to fleece over retail by keeping them ignorant. Regards, David Bouwmeester | B.Sc., P.Eng. Engineering Supervisor Suite 102 - 12 Manning Close NE Calgary, AB T2E 7N6, Canada Direct Line: +1 403 207 6577 Mobile: +1 403 998 9795 Office: +1 403 215 8400 Fax: +1 403 215 8419 CONFIDENTIALITY NOTICE: The contents of this email message and any attachments are intended solely for the addressee(s) and may contain confidential and/or privileged information and may be legally protected from disclosure.
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