Apr. 20, 2022
To whom it may concern: I am perturbed by the content of this newly proposed rule that would effectively allow for FTDs (Failure To Deliver) to continue and worsen, which can be abused by market makers in conjunction with illegal naked shorting and abusive dark pool trade that suppresses the price of security trading. This does not in any way benefit investors and in fact could be extremely harmful, which directly contradicts the SEC’s mission. Please do not allow SFTs (Security Financial Transactions) proposed in this rule that enable white collar crime. It allows for abusive practices where market makers are never accountable for their failings. This is not acceptable and creates an opportunity to harm retail investors and it further restricts a free and fair market. Please remove this proposed rule and furthermore please deny future attempts, as iterations of this rule have been rejected in the past by an educated public. Thank you in advance for your timely attention to this matter. Many thanks, Retail Investor