Apr. 20, 2022
This rule appears problematic, to say the least. Retail already starts from a position of disadvantage, and all this proposed rule would do is give market makers, hedge funds, and other bad actors additional tools to screw over retail. This rule appears to take away the systematic risk present in certain transactions, such as naked shorting of stocks. Without this systematic risk, there would be nothing stopping these bad actors from taking every advantage over retail traders, essentially robbing them. If the current movement of retail investors looses faith in the American market, we could see a mass exodus from the stock market and all the negatives that would come along with that. In short; please, for the sake of all retail traders as well as the health of the market as a whole, please do not pass this proposed rule.