Apr. 20, 2022
The liquidity provided by the proposed SFTs and SFT Clearing only encourages criminal activity in the form of counterfeiting shares, or naked shorting, by allowing the criminals who engage in the practice another means of getting out of their obligation to actually produce the shares they've sold short. I oppose the rule change on the grounds that it serves to undermine the integrity of the US Markets. Short sellers are made aware of the potential for "unlimited losses" before they engage in the practice. They must be made to face the consequences of their decisions.