April 20, 2022
As an active individual investor I find this rule very disheartening and frustrating. It reduces transparency and provides additional freedom for large corporations to potentially abuse this rule to avoid paying their liabilities. This rule discourages a free and open market by creating special financial vehicles only available to large institutions for the specific purpose of bailing them out of a troublesome or over-leveraged scenarios. Retail investors and citizens of the United States are rarely offered such lucrative freedom when investing in the market. It is laughable that large institutions with a history of abusing market practices for monetary gain be given even more leeway in this matter. Please withdraw this rule proposal immediately as it completely undermines a fair and open market by increasing ambiguity and closed door transactions. Especially in regard to securities lending and short selling. Both of these market mechanics have already demonstrated abuse of current regulations and by extension abuse of the retail investor. I must extend my staunch opposition to this rule and propose to have it withdrawn immediately.