Apr. 19, 2022
I find this rule to be even worse and far sneakier than the proposed rule it is replacing. This seemingly seeks to add more layer, more confusion, more moving pieces to mess with, and resets the FTD dates that should eventually force buy-ins for out of whack leveraged positions. Be better. Take care of retail investors at least as well as the criminal financial terrorists you harbor. Do not pass this rule, if you must pass something, try something approaching the original version Hedge funds obviously pushed back on. Else, just apply the rules you already have on record and alter fines such that they aren't simply a 1% tax on plundering retirement accounts.