Apr. 20, 2022
Dear sir/madam As an international retail investor in the US market, I would like to make my thoughts on this proposed rule clear, and well known. This rule goes against free and fair market mechanics and gives even more power and ability to the people who prey on retail investors, who would abuse such mechanics, to further destroy price equality in the markets. It’s been set in place to "alleviate Fail To Delivers", but in reality, it does nothing towards the final and successful delivery of these failures. Doing so further destroys faith in the US markets. This protects the act of naked short selling, which is and has been the most pressing issue in the US stock market. This rule leverages the complexity of financial vehicles to put power in the hands of institutions, effectively safeguarding them from their own immoral and illegal actions. Passing this new rule would only further deteriorate the American public's faith in a "free and fair market". I urge you to withdraw this proposal immediately. Kindest Regards. Concerned Retail Investor. Sent with ProtonMail secure email.