Apr. 22, 2022
This proposed rule change is designed to protect institutions from the natural consequences of what I thought was illegal activity in the stock market, specifically the engagement in synthetic shares/naked short transactions, which have been used to artificially suppress and manipulate stock prices. This activity protects large and powerful entities from losses due to their own poor investments, an advantage that common retail investors don't have access to. The common retail investor can lose everything and the regulatory agencies do not seem to care, while the large and powerful hedge funds always seem to have the safety net of nefarious rule changes or bailouts. But as millions of retail investors are now learning, retail losses are sometimes not even due to poor investment choices, but rather we are victims of corrupt and illegal stock market practices being committed by hedge funds, market makers, brokers, etc. With the passing of this rule, it will mean that the SEC is protecting the interest of large entities, and punishing retail investors who are in search of fair market practices. Daniel Kuzia Retail Investor