Apr. 20, 2022
Good afternoon, I am a retail investor, and would like to make my thoughts to this proposed rule known. This rule flies in the face of fair market mechanics, and gives unrestricted power and scope to bad actors who would abuse such mechanics. It is set in place to "alleviate Fail To Delivers", but in action does nothing to eliminate them, and in effect protects the action of naked short selling, an illegal practice that I feel works in direct opposition to the operation of a fair market. This rule leverages the complexity of financial vehicles to put power in the hands of institutions, effectively safe-guarding them from their own bad bets. Passing this new rule would only further deteriorate the American public's - or at the very least, my own - impression of fairness and justice in the world of finance. I urge you to withdraw this proposal immediately. Thank you for your efforts to uphold the principles of a fair market. -Jeff Pass