Apr. 20, 2022
To whom it may concern: As a retail investor I am alarmed by this new proposed rule allowing for FTDs (Failure To Deliver) to continue and worsen, which can be abused by market makers and makes continued illegal naked shorting even less risky and open-ended. This does not in any way benefit investors and could be very harmful for market fairness. Please do not allow SFTs (Security Financial Transactions) proposed in this rule, opening options for market makers to pass along their financial obligations of the FTDs instead of settling them. It would open ways for abusive practices where market makers are never accountable for their liabilities. This is not acceptable and creates an opportunity to harm retail investors by ‘outlasting’ them in positions that can be kept on the books indefinitely. This manipulation needs to come to an end. Please remove this proposed rule and please do not replace it with something similar. Sincerely -Nalle Hukkataival -- Sent from Nalle Hukkataival's iPhone