April 20, 2022
This proposition is yet another tool for hedge funds and banks to avoid obligations to settle FTD's. The complexity of the system in place is being abused by these entities, and only increases the risk that naked short selling has on the global market. There is a reason that this proposed rule change has been rejected twice before. The SEC needs to focus on transparency, and punishing those who willfully ignore the rules set in place. Failure to do so sends a clear message about the SEC's objective: it does not side with retail, and is compliant with the crime that is being witnessed in markets today.