April 20, 2022
This rule is EXTREMELY CONCERNING. I adamantly OPPOSE the implementation of this ruling as it is 100% to the detriment of retail investors. This rule proposes using \"SFTs\" as \"placeholders\" for securities transactions and is circumventing a buy in at market value, when a security should be getting bought on the open markets. This is just another way institutions and specifically hedge funds and broker dealers are getting around their SYSTEMICALLY DANGEROUS practices. They kick the can on FTDs with this ruling, cover naked shorting, and a number of other issues that are NOT CREATED by retail - but are created by the very parties trying to implement this concerning ruling. It is APPAULING that this is even a proposed ruling. \"Free and Fair\" markets my ass.