Apr. 20, 2022
To whom it may concern, As a small retail investor, proposed rules like the one listed in the subject here are terrifying. We all have a right to a free and fair market, and this rule would do the exact opposite of providing that. It will enable the 'big guys', hedge funds, market makers, etc. to be able to continue to manipulate the market and can-kick their obligations. This will do nothing but offer those that are bending, if not breaking, the rules a simple way out with the SFTs proposed in this rule. I can see where this would provide some stability, however at some point FTDs need to be settled instead of passed along. I am asking that this proposal be withdrawn. The SEC is there to protect and look out for the best interests of retail investors, a rule such as this does the opposite. Looking out for retail would best be accomplished by banning Payment For Order Flow which is inherently harmful to retail investors and which unfairly benefits Market Makers and brokers who do not have investors best interest in mind. Another worthy target for your attention would be to shut down the abusive use of dark pools by market makers such as Citadel which has been used to undermine the true value of securities traded by retail investors and to suppress price discovery. Thank you for taking the time to read this and hear from the small fish in the ocean. Best Regards, Dominic Lambert