Apr. 20, 2022
Retail investors have watched for well over a year, as these Hedge Funds have illegally manipulated a select few stocks. They made a bad bet, backed themselves into a corner and have since doubled, tripled down and more. Retail investors have played within the rules, and have made a good bet. But now, the overleveraged parties want to change the rules and avoid the consequence of their actions, while simultaneously stealing millions of dollars from retail investors. SR-NSCC-2022-003 and SR-NSCC-2022-801 cannot be allowed to pass in this "free and fair" market that is so prized in the US. But hey, if you're losing, why not change the rules. Absolutely despicable. These proposed rule changes completely compromise the integrity of the US stock market, and cannot be allowed to pass. A free and fair market is supposed to look out for Hedge Funds, and retail investors alike. However, bailing out one, at the cost of the other cannot continue to happen. We as retail should not be punished for their disregard for the law, and reckless financial decisions. Please do your jobs and stop allowing corruption to harm retail investors.