Apr. 20, 2022
To whom it may concern, I am a retail investor and I oppose this rule. It does not create transparency in the market and does not benefit the everyday retail investors. It doesn’t promote a fair market and should NOT be adopted. Please do not allow Security Financial Transactions new methods of negligence, whereby the financial obligations of the FTDs get passed along instead of settled. This proposed rule is shorted sighted in its attempt to create stability and allows for abusive practices where market makers are not held accountable for their failings. This is not acceptable and creates an opportunity to harm retail investors and violates our right to a free and fair market. In order for the equities markets to be fair, market makers must be held accountable for their financial obligations, regardless of the short or long term consequences they face. I request that this proposed rule be denied and that similar rules are not proposed in the future, as iterations of this have been rejected in the past and continue to be rejected by educated investors every time they resurface. The repeated attempts for such a measure to be passed after multiple rejections points to the potential desire for malpractice by market makers. Sincerely, Brandon Miller