Apr. 25, 2022
Allowing hedge funds and brokers more nested ways to hide and shuffle individual positions internally will not benefit retail investors, and will actively harm them. In the case that a security is being naked shorted, instead of FTD they'll issue a temporary IOU and if they still can't locate it at the expiration of the IOU, they'll just make another one and continue on forever, never delivering. We should be making the market more transparent (no dark pools) and easier to understand, in order to prevent fraud and trickery that takes advantage of average retail investors that do not have access to the proprietary or costly software that the big players use. I am against this rule. --