April 20, 2022
The market does have transparency and accountability for large institutions. I am disappointed this rule is being proposed.
I have reviewed the file and believe this rule would increase avoidance of true market price discovery through onward lending. This rule removes the infinite risk of naked shorting entirely. It removes the deterrent of engaging in a risky business practice.
This rule serves market makers which excessively naked short securities, and is unfair to others. It threatens the idea of a fair market.
FTDs are able to be reset in many ways like using deriviatives and keeping them from being delivered after reaching thirty days.
Please consider the Retail interests' rights when reviewing or amending regulations.