Apr. 20, 2022
To whom it may concern: I am very upset with this proposed rule that allows "Failures to Deliver" or FTDs to not only continue but worsen! There shouldnt be any FTDs allowed period because it allows unscrupulous Market Makers to conduct even more unethical and illegal behavior. The rules as is already allow most brokers to behave like glorified bucket shops. This proposed rule doesnt fix this, it actually would make it worse! The SEC is supposed to be looking out for retail investors, but this rule smells like yet another way to rip us off. I say no. And I hope you will too. Thank you for your time.