Apr. 20, 2022
To whomever reads this, I would like to question the wisdom of creating yet another rule that would allow for more complex financial wizardry that the common investor will likely not understand thanks to not having time to study every facet of the market thus allowing them to be further scammed out of their savings and making the only winning strategy to bet against the American market instead of for it. For a rule that allows one to short and not receive a severe backlash if they make a poor choice will lead to a less free and more inefficient market as innovation would die out due to the most effective strategy being killing American companies and likely investing abroad in countries where shorting isn't the dominating strategy or even illegal since their companies will much more likely be able to thrive if they work for it instead of being squashed due to shorting more than the entire market float and just having to pay a small fine for their illegally shorted shares. Though I'm am not yet financially litererate enough to be 100% sure but since it would promote shorting and killing American companies then this will lead to the financially literate, those with money that want to invest instead of short to put their cash in other countries leading to a capital outflow and further damaging the American economy until we're but a shell of our former selves living in a indefinite depression for those who failed to get out before the rule comes into place for this rule only benefits those who commit crimes instead of the honest citizens of America. Now if I'm wrong please correct me but this is what I have gathered from the rule proposal, though I had to read it from another source who could simplify it for me since I'm not yet financially literate enough to navigate the complexities of the market which also serve to reduce price discovery since the comman man/woman likely doesn't really understand why things happen in the market due to lack of transparency and likely unnecessary complexities. If you made it this far thank you for reading my letter, for I am but one concerned individual investor that would like to see the American market and economy flourish instead of being crushed by oppressive financial entities who wish for nothing other than their own enrichment at any cost, even the future itself.