Apr. 20, 2022
I am very concerned about the implications of the rule you proposed. It is very clear to me that the rule in fact acts against the interest of retail investors, whom SEC is supposed to protect. It does that by manipulating true market price discovery through continuous lending. It also further weaponizes naked shorting. That practice continues to be exploited in harming the market. What we need is more transparency in how stock market works to level the playing field between retail and institutions, especially considering the widening wealth gap and soaring inflation, among other problems our society faces. The proposed rule acts in the opposite direction. Stop enabling the market abusers in their efforts to defraud legitimate investors.