April 20, 2022
This proposal is a sham that will perpetuate illegal manipulation of the stock market and serves only the interest of bad actors in what is supposed to be a free and fair market. Enacting this rule keeps all players on the losing end of a trade from fulfilling their obligations by propping an instrument available only to institutions in front of the regular process and effectively shields them from competition. To pass this would be admitting the failure of past attempts at reform and signal that there aren't any consequences for wrongdoing. It is truly a misstep for fairness in our markets.