April 20, 2022
I am firmly against this proposal. Naked short selling is a threat to the stability of our markets and is out of control. This rule will provide another mechanism to continue this destructive practice.
Further more this adds more complexity to an already overly complex market system. Complexity works in the favor of large institutions and harms retail investors.
Finally, this prevents transparency by providing another layer to hide naked short selling behind. The SEC should be working for better market transparency or risk all retail investors losing confidence in the system and walking away.
Thank you.