Apr. 20, 2022
Hello, I am a retail investor from Belgium who Invested in the US market. I would like to make my thoughts to this proposed rule known. This rule 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 safeguarding them from their own bad bets. Passing this new rule would only further deteriorate the public's faith in an american "free and fair market". I urge you to withdraw this proposal immediately. With regards, Anthony