Apr. 20, 2022
To Whom it May Concern: My concern as a retail investor is this new proposed rule would effectively allow market makers to abuse FTDs (Failure To Deliver) and illegal naked shorting in conjunction with exploitative dark pool trade routing in order to control and suppress the price on security trading. In fact, this would be a detriment to investors and in fact, could be extremely harmful, which would negate the entire purpose of the SEC. This proposed rule should be removed, and please do not propose anything similar in the future, as iterations of this have been rejected in the past and continue to be rejected by educated investors every time it resurfaces. As the SEC's mission is to protect investors such as myself, I would suggest that you direct your attention towards this. In order to achieve this, Payment For Order Flow should be banned. Payment For Order Flow is detrimental to retail investors and unfairly benefits Market Makers and Brokers who do not care about investors' best interests. You should also focus on getting rid of the abusive use of dark pools by market makers like Citadel, which has been used to undermine the true value of securities traded by retail investors and suppress price discovery. I appreciate your prompt attention to this matter and ask that you live up to your responsibilities and protect investors from predatory behavior by financial institutions. Sincerely, Drew Arrieta