April 20, 2022
This rule is a disservice to retail investors. Fail to delivers, and failure to locates are a huge issue that plagues our financial system. Instead of proposing rules that would help alleviate or lessen these issues, instead a rule is proposed to further muddy the waters and allow behavior that has no place in a true free and fair market. This rule stands to benefit nobody but large institutions who now will have more leeway when it comes to selling of securities that they cant deliver or locate. The SECs job is protect retail investors and ensure the functioning of our free and fair markets, however this proposed rule would stand in direct contradiction to this mission. I implore the SEC to reconsider their reckless and dangerous proposals.