Apr. 20, 2022
I am writing as a retail investor and concerned citizen to express my personal concern over this rule and its implications. As I understand it, this allows an essential like-exchange agnostic to the success of a company wherein $100 (or $100MM) of an abusively shorted stock can be exchanged for $100 (or $100MM) of any other stock, thereby eliminating the risk of short selling. When any person or entity short sells a stock, they knowingly take on that risk. If you allow "rules for me, not for thee" as what's suggested here, you blatantly hand all abilities to legally manipulate the market (at will) to those who have shown to repeatedly abuse any and all advantages they are given over retail and institutional investors alike. The SEC mandate is to protect investors, and in particular, retail investors need the most protection. Please do not be complicit in supporting market abuse and creating an even bigger financial crisis in the future. Sincerely, Tong Yi Tsui Mobile phone: +1-707-776-6555