April 20, 2022
What an absolute joke this has all become. The SECs job is meant to protect the market amd the retail investor. Its rule changes like this that show everyone where your allegiance truly lies, with the 1%, the market makers, the financial institutions pilfering our society just to stash another dollar. This rule will essentially allow endless can kicking on failure to delivers which basically means you are promoting the use of ILLEGAL naked short selling. This rule will make it so there is no accountability on the end of market makers and those who continually abuse the system. There is no way a rule like this should pass, let alone even be created. Please do your job and protect the, what is supposed to be, fair market and retail investors.