April 20, 2022
To whom it may concern,
The market system has been purposely designed to be overly complicated to the point where no one outside can understand these loopholes and proposed rule changes. The intent is to obfuscate knowledge that any market participator should be provided with. This rule essentially is creating another vehicle to hide short positions and failures to deliver. This is not in anyones best interest other than those that take advantage of the market. Failures to deliver are now intentionally part of the system. Another vehicle of SFTs is not the answer to risk management but actually is an incentive for higher risk appetite. If a cop lets off a murderer with a hand slap, he will do it again because he is incentivized by the system to do so. When will the cop be held accountable for his complicity?