April 21, 2022
This proposal is simply further evidence that the the SEC is actively enabling finalcial terrorists to steal from American investors and corporations. Nowhere else in the world would this kind of activity be allowed to persist. Nowhere else would this thievery actually be protected from facing any consequences the way the SEC nurtures the blatant cheaters and thieves in the market. The SEC CHOOSES not to enforce the most basic laws of accounting such as \"you borrow a security, you must return it\". The average investor is on the hook for every financial move they make, often putting them into crippling debt but when some corrupt egomaniacs decide to cheat hard earned money from the people who actually contribute to society the SEC not only turns a blind eye, they propose new rules to shield the criminals from liability. Unbelievable, absolutely disgraceful. The public realizes this proposal is intended to not be understood by the average reader and for good reason. This proposal is in very few parties' best interest, nobody would vote for it. This proposal only benefits the ones who have engaged in illegal activity to the point of no turning back. Naked short selling is stealing, and this proposal aims to forgive the guilty parties with a get out of jail free card while the other 99% of the market holds the bag of securities severely devalued by rampant naked short selling and rehypothecation. Isn't the SEC tired of being a joke or is your mission really to screw over investors while taking kickbacks from criminals like everybody thinks it is?