Apr. 20, 2022
I cannot believe that this rule is being proposed. How can you allow Failure to Delivers to continue, knowing very well their existence is detrimental to the stock market as a whole. They can be abused by market makers and used along with naked shorting and dark pool trading to suppress the price of equities. This is extremely harmful to investors. This is not acceptable and violates our right to a free and fair market. Market makers MUST be held accountable for their financial actions, regardless of the short or long term consequences they face. I request that this proposed rule be denied and that similar rules are not proposed 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. The repeated attempts for such a measure to be passed after multiple rejections points to the potential desire for malpractice by market makers. Thank you for your time, and please honor your obligations to protect investors.