Apr. 20, 2022
To whom it may concern: Under the new rule proposal, as I understand it, SFT’s do absolutely nothing to resolve naked shorting. In fact, it would seem it does the exact opposite. I’ll provide a simple analogy. I copy a title of my vehicle and sell it to 10 different people. I collect the money for that sale, and when these 10 people asked for the title/vehicle I “sold”, I FAIL TO DELIVER that item they purchased. This rule would be adding yet another layer of complexity to our already extremely convoluted financial system. I vote 100% against this rule and any rule form of SFT’s until I’m buried under this earth. Thank you, Corey Barder