April 20, 2022
Why is this rule being proposed a 3rd time with different legal/wall street speak? It's been revoked twice already, so revoke this again and stop it from being proposed anymore. If markets are meant to be free and fair, then let them be free and fair. Sometimes Wall St. loses, it doesn't mean that rules should change so retail traders constantly lose. If the loss is so big that it's a systemic risk, punish those that allowed this loss to become so great, not those that trade within the confines of the rules set forth.
FTD's and kicking the can further and further down the road is no proper way for a market to function. Liquidity is not a good enough reason to allow this to happen constantly. Hiding from one's actions is irresponsible and cowardly.
As the NYSE is the world's best and biggest exchange, how can anyone around the world such as myself - a Canadian, ever have any confidence in putting my money into such a market if the losing side constantly changes the rules?
Do the right thing, revoke this rule and hold those that made this mistake accountable and do no punish those that trade within the rules in which a free and fair market are founded.