April 20, 2022
Please rescind this proposed rule.
This leverages complexity in order to further abstract away any possibility of retail investors understanding how the market works.
FTDs should be addressed properly, not by can-kicking the obligation. A free and fair market allows proper price discovery, but FTDs prevent proper price discovery.
This rule is the opposite of what our markets need. We need more accountability in order to address issues more quickly, not less accountability and a delayed response.