April 20, 2022
To whom it may concern,
As an international investor I am very worried about this proposed rule. From my understanding, this rule will further the ability to borrow, delay and avoid deliverence of authentic shares. The market is in a precarious position, Fail to Delivers are spiking to highs we've not seen before in the markets.
How can a free and fair market exist, if the rules and obligations that govern it are continuously attacked by these proposed rules to circumvent and avoid them?
I encourage the SEC to abandon this proposed rule and enforce the obligations of market makers and brokers to deliver shares to those that purchase them. Anything less will be the ruin of the free market of the United States of America.
Please consider protections that actually benefit retail investors and stop bending over backwards for the investment firms that wish to manipulate and control the markets. This is the greatest issue in the past century and the public loses more confidence in the SEC every day.
Please ensure the deliverence of shares to retail investors and stop all work arounds that allow brokers to delay and avoid their obligations to provide authentic shares.
In this era of technology, the markets appear archaic and an embarrassment to the US economy.
Thank you for time and consideration.