April 20, 2022
I am a retail investor and I am extremely concerned about the implications of this rule as it is a direct threat to fair market mechanics. If this rule is passed it would allow bad actors to continue abusing market mechanics with impunity. If passed it would \"alleviate Fail To Delivers,\" but it wouldn't actually work to eliminate them which is counterproductive to the problems FTDs are causing. It's clear that this rule is beneficial to the bad actors who engage in illegal naked short selling and that it is leveraging the complexity of financial vehicles to put power in the hands of institutions, which effectively safe-guarding them from their own bad bets. Passing this new rule would only further deteriorate the American public's faith in a \"free and fair market.\" Please withdraw this proposal immediately.