Apr. 20, 2022
Good day, As an investor in the stock market I am disgusted that such a rule would even be considered. In effect it makes fail to delivers redundant, removes price discovery, and promotes the risky practice of naked short selling since risk can be negated by your proposed rule. There are already ways used to reset FTD's, so using Securities Financial Transaction vehical adds more complexity to an already corrupt system. Obligations to play fair are already avoided by market makers and this is just another tactic for them to manipulate the markets. Please do not put this into effect. Retail are already struggling, kicking us while down is not appreciated. Thank you, Michael