April 22, 2022
I make the following points:
1. On page 5 the document literally states \"and thereby avoid failures to deliver, \"naked\" shorts and similar situations.
I thought you guys keep telling retail naked shorts are not a real thing? This is expressed admittance that they are real and the criminal entities on Wall Street keep doing these illegal activities at retails expense. And this criminal rule would help them hide their illegal activities.
2. How the hell are you going to allow a share to be moved from one entity to another without the express permission of the beneficial owner?. This alone should be the end of this scam.
3. Explain to me how could you allow the criminal enterprises on Wall street to nominate \"non members\" to be counter parties to these proposed transactions? So my shares could be lent to god knows who?
Allow this rule to pass and its clear that under Chairman's Gensler leadership the SEC is part of the problem and has no intention of protecting retails interests.