Apr. 20, 2022
To whom it may concern, This rule proposal bears little difference to a crime known as "check kiting". Allowing for positions to be bounced from one account to the next is a can kicking method that can only hurt retail investors and the securities that they bought in good faith. I do not see a function for this rule that will help prevent market manipulation, but rather give a tool to enable it. Past evidence suggests that entities that are supposed to self regulate will give a lackluster effort at best in doing so. In the effort to provide a free and fair market this rule proposal must be scrutinized, then roundly rejected. Implementation of SFTs will do nothing to alleviate Fail To Delivers, but rather facilitate them. Markets with less transparency will become more corrupt and rife with criminal malfeasance. This is an extremely important opportunity to show retail investors in the U.S. and around the world that you have thier best intrests in mind when it come to policy execution. Please do the right thing and dismiss the rule proposal. Thank you for your consideration,