Apr. 20, 2022
With the lack of transparency already ubiquitous in todays markets and the extreme lack of accountability from financial institutions and those regulating them how does this proposed rule do anything but further obfuscate the machinations of the economy. This rule would increase avoidance of true market price discovery through onward lending. It also removes the infinite risk of naked shorting entirely, and in so doing the deterrent of engaging in what is supposed to be very risky business practice. It's pretty disgusting. The proposal itself is a slap in the face to anyone that has taken an interest in using securities to advance their lives financially. Things like this rule are the reason so many people in this country and globally have lost faith in institutions, regulations, and government in general. Because the rules can be changed to protect the rich, powerful, and well connected regardless of the consequences for everyone else. I find myself disappointed and frustrated with the prospects for the future as I have yet to see any example of fairness or justice being held up by this country against the privileged. Please kill this rule where it stands before more power is ceded, corruption enabled, and hope is lost. Paul Pritchett Professional Services Consultant 404-358-5651