April 20, 2022
Obviously this rule is a bullshit bailout to any loathsome piece of trash who illegally short sells any equity. This rule does NOTHING to protect the \"free market\". This rule does EVERYTHING to protect companies/hedge funds/market makers who made bad bets. They treated the stock market like a casino and now expect the SEC to come save them. If I'm about to lose BILLIONS of dollars at a casino there is nobody coming to bail me out. Why does the SEC insist on protecting bad actors in our market? That is NOT a free market. That is the Government picking and choosing who wins and who loses. This rule MUST NOT PASS. It is unethical to bail these assholes out and to not punish them for SELLING EQUITIES THEY DO NOT POSSESS. Stop coming up with new rules to protect financial terrorists.