April 21, 2022
This rule is 188 pages of hot garbage. I can smell this rule from a mile away. Its being suggested that market participants should get a slap on the wrist instead of face the consequences of their actions in an open and fair market Fire sale crisis avoidance? Puh-lease. How about trade with manageable positions. Replacement and exchange for like securities? Extensions on delivery dates? This is absolutely ridiculous. Cant deliver what you promised you would? Then raise the price to the point someone sells it. Its the same way supply and demand has worked since there was anything worth desiring. This whole document is hot air, smoke, mirrors, and whole bag of stank.. and frankly, a slap in the face to market participants who signed up and signed in to invest and profit share in companies that they believed in. I wish I had the brevity to be proper about how proposals like this are a poor excuse at hiding institutional and market maker and hedge fund mistakes, but Im so angry to see what I feel is outright crime prevail. Abhorrent