Apr. 20, 2022
To whom it May Concern: As a retail investor, I am highly disturbed by the content of this new proposed rule that would effectively allow for FTDs (Failure To Deliver) to continue and worsen, which can be abused by market makers and used in conjunction with illegal naked shorting and abusive dark pool trade routing to control and suppress the price on security trading. This does not benefit investors and could be extremely harmful. Please do not allow SFTs (Security Financial Transactions) proposed in this rule to create new and potentially endless layers of can-kicking to be allowed, whereby the genuine financial obligations of the FTDs get passed along instead of settled. I can see how it provides stability at the moment, but it also allows for abusive practices where market makers are never accountable for their failings. This is unacceptable and creates an opportunity to harm retail investors, and it violates our rights to a free and fair market. The manipulation needs to come to an end. Please remove this proposed rule, and please do not try to offer something similar again in the future, as iterations of this have been rejected in the past and continue to be rejected by educated investors every time they resurface. What a colossal waste of time, mine and yours, to continue to have to repeat this song and dance over and over again. Thank you in advance for your timely attention to this matter, and please live up to your obligations and help the investors from predatory behavior by financial institutions. Kind Regards, Jules Aquino