Apr. 20, 2022
I am writing to you today about this proposed rule. Have you considered the overall market impact of unfettered naked shorting being not only turned a blind eye to, but actively encouraged? The US has lost a lot of overall company diversity through cellar boxing and naked shorting. Promising medical breakthroughs? Murdered by the illegal activities of Wall Street. Main street retail stores that allow US consumers to actually see products instead of just blindly ordering online? Also murdered by Wall Street. You are being watched not just by US investors, but by a fairly substantial cohort of international investors. What happens when everyone seriously watching all of this play out loses complete faith in our financial institutions and our markets? Have you considered this at all? Not only is this a terrible rule that spells disaster for every company on any US exchange, it is also just embarrassing. Do you really think no one is watching and observing? We desperately need our regulators to step up and do their job. Protect fair markets, that means fair for everyone, not just the big money cronies that seem to have the loudest and most influential voices. Where did their money come from? Oh right, main street. The actual backbone of this country. You do realize the “retail investors” are the people growing and serving your food? Providing the gas for your vehicles? Flying your private jets? What happens if they wake up and realize how truly corrupt this has all become? I implore you to stop this rule and any further proposals that would further damage the reputation and trustworthiness of the US markets overall. Integrity, honesty, hard work? They mean something. Please don’t push this so far that you are forced to find out what happens when the backbone of America loses complete faith in our whole system. Sent from my iPhone