Apr. 20, 2022
Gary Gensler and the SEC As a retail investor I believe the content of this new proposed rule seems to forego the protection of retail investors and allows irresponsible entities to continue to skirt the rules created to protect the investing public; which is the entire purpose of the SECs existence. As another retail investor put it: “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 very real financial obligations of the FTDs get passed along instead of settled. I can see how it provides stability in the moment, but it also allows for abusive practices where market makers are never accountable for their failings. This is not acceptable and creates an opportunity to harm retail investors and it violates our rights for a free and fair market. The manipulation needs to come to an end... “ Please end programs that harm retail investors and market integrity such as Payment for order flow (PFOF), Dark Pools, Naked Short Selling, and Failures to Deliver. Which Dr. Susanne Trimbath has shown to be a ticking time bomb. Thank you for immediately rejecting this rule change and stoping predatory behavior from Wall Street insiders. Sincerely Hoping for change, An Average Retail Investor