Apr. 21, 2022
Dear SEC, As a retail investor, I believe this rule would break fair market mechanics and give too much power and scope to bad actors who would abuse such mechanics. The stated intention is to "alleviate Fail To Delivers", but in reality it does not propose anything to eliminate them, instead, it proposes a method to get to close them at a lower price than the current market price, effectively protecting the action of naked short selling, which is ALREADY ILLEGAL. This rule offers protection to big shorting entities, safe-guarding them from the consequences of their own actions. Passing this new rule would only further deteriorate the world public's faith in America's "free and fair market". I strongly believe this proposal should be immediately withdrawn to protect the market from abusers and avoid further deterioration of the US stock market image to the world. Kind regards, Ville Puonti