April 20, 2022
As a retail investor I am concerned that this rule attempts to erode fair market mechanics giving unlimited power and scope to firms who trade specifically against retail. Fail to delivers should be covered on the open market, not any other way. This rule leverages the complexity of financial vehicles to put power in the hands of institutions, 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. I urge you to withdraw this proposal immediately.