Apr. 20, 2022
I would like to make my thoughts on his proposed rule known. It flies in the face of fair market mechanics, and gives unlimited power and scope to bad actors who would abuse such mechanics. 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. I believe passing this rule will further deteriorate the American public's faith in a "free and fair market". I urge you to withdraw this proposal immediately. Rich Peters Canton MA