Apr. 20, 2022
To whom it may concern, I am a retail investor and would like to voice my opinions on this proposed rule. This rule is the antithesis of fair market mechanics, and gives unlimited power and scope to bad actors who would abuse such privileges. 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, which is ALREADY ILLEGAL. 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, a “get out of jail free card” if you will. How many more publicly traded companies will we see driven to bankruptcy should this rule be passed? How many life saving medicines won’t make it to market due to greedy Wall St firms making risky bets against pharmaceutical companies, all under the protection of this rule? Passing this new rule would only further deteriorate the global public's faith in a "free and fair” American market. I strongly urge you to withdraw this proposal immediately. Yours sincerely, Ben Wright Sent from my iPhone