Apr. 20, 2022
To whom it may concern, This is my first time feeling offended enough by the brazen acts of dishonesty that this rule represents to write to you. It has inspired me to be a more active participant in market regulation. This rule is a smack to the face of faith in the US markets, honest price discovery and to retail. It adds complexity and alienates any investor without a team of trained professionals and mountains of liquidity (aka retail). It furthers the feeling of distrust in you and your ability to adhere to your moral and fiduciary obligations to keeping a market fair and open. The ability to circumnavigate share locates enables perpetual shorting of companies regardless of their financial health and allows for actors with enough wealth to easily make mistakes in judgement and pay no price. This is an ability available to only few in the markets and directly undermines the notion of ‘fair markets’ more so than is already undermined today. If this goes through my willingness to invest in US markets will evaporate and I’m comfortable in stating that I am not alone in this feeling. Please knock this rule down full-stop. I will be sure to send comments to the future rules that are modified resubmissions of this garbage. Lastly, please put forth more rules that will facilitate true, honest and fair markets to restore faith in the US markets. They are desperately needed. Yours faithfully, An investor.