Apr. 20, 2022
To whom it may concern, I write to you as an American retail investor. While I am certain this rule is intended to help streamline investors ability to purchase stocks, this will not have the intended effect. Deferment of purchasing stock authorized in this rule change would simply allow market makers to never purchase the shares and hold promised share for as long as they wish. Rather than preventing naked shorting this would allow market makers to permanently defer purchases made by investors and never have to have the share. Not only that but market makers will also get the ability to mark down these owed shares as assets dispite not having the share. This sound like legalizing what enron did in the 1990s. If you allow this, you are taking away the reasons of buying shares because the average investor will never have the share. This streamlining would benefit Market makers to never own assets they claim to have. Market makers would then be able to hedge on assets not owned. If it passes there will be massive risk in the market and all parties involved. I have to say that passing this law would have a negative affect on everyone involved in the market. I hope you will take the opinion of myself and other retail investors into consideration with this law and other laws like this. Sincerely, A Retain Investor