April 20, 2022
I am a retail investor, and would like to express my deep concern about this proposed rule. This rule stands in direct opposition of fair market mechanics, and provides unlimited power and scope to those who have already demonstrated abuse of such mechanics. While it proposes to \"alleviate Fail To Delivers\", in action it does nothing to eliminate them, and in effect protects the action of naked short selling, which is ALREADY ILLEGAL. This rule leverages the complexity of financial vehicles to put power in the hands of institutions, effectively safe-guarding them from their own bad bets. Passing this new rule would only further deteriorate the American public's faith in a \"free and fair market\". I urge you to withdraw this proposal immediately.