April 20, 2022
I am a retail investor and would like to make my thoughts to this proposed rule known. This rule directly goes against the idea of fair market mechanics and gives unlimited power and scope to bad actors who would abuse such mechanics. It is set in place to alleviate the Fail To Deliver\" epidemic that plagues the current market and does nothing to eliminate them. The rule protects the action of naked short selling, which is ALREADY ILLEGAL. This rule leverages the complexity of financial vehicles to put power in the hands of institutions, effectively safeguarding them from their own terrible 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.