Apr. 20, 2022
Hello, This proposed rule change seems very shady and not in the best interest of the retail investor, which the SEC is supposed to protect. This proposed rule change, with its ability to block together trades as a "Security Financing Transaction" into a new security is reminiscent of the collateralized debt obligations that were sold and caused the 2008 financial crisis (due to the ability for evildoers to obfuscate their bad actions, like shorting companies, not delivering shares when needed and then using such a proposed new transaction layer to hide such FTDs). I am writing to let you know that I, as a retail investor, do not feel this proposed rule change is in the best interest of retail investors and strongly urge those at the SEC to reconsider passing this rule change. Thank you. Sincerely, Frank Yeung