April 20, 2022
This proposal does nothing but create yet another unnecessary, complex financial tool that can only be utilized by big money institutions to cheat their way out of bad trade outcomes and punch down on retail investors.
\"financial tools\" such as the one proposed have turned our nation's \"free market\" into a casino where institutions have hundreds of vague rules and policies and routes to cheat with, while the common US citizen gets nothing and is forced to \"suck it up\" because they aren't considered as \"economically vital\" to our Nation as large financial interest groups.
This proposal does nothing to help address the greater economic issues facing our Country's stock markets right now, such as naked shorting, dark pool trading and general price manipulation. Instead, the proposal gives large institutions free reign to commit these crimes with no consequence from the SEC.
Passing this proposal will be a huge blow to public trust in US markets, and yet another signal to the rest of the world that the United States has been morally, socially and financially compromised.