April 20, 2022
This rule makes the situation of the overall market worse from an investors perspective. You are giving infinite amounts of power to large institutions in an effort to protect them from the bad investments and decisions that they made. This rule takes even more from retail investors and helps to bolster profits and investments for large institutions. They made a bad bet, they illegally naked shorted stocks. They are failing to deliver on shares that they borrowed. This is their problem. It is abhorrent that you would create a rule to provide an out to institutions who made bad bets off the backs of retail investors. The creators of this should be ashamed of themselves. You should be for the people, not for large institutions who already have an extraordinary amount of power of average investors.