Apr. 20, 2022
I am writing this email in opposition to the proposed rule as it would eliminate the risk for naked shorting done by large hedge funds and thus minimizing their liability to provide quality investments for their customers, the market and the US economy as a whole. When the risk on a bad bet becomes minimized and repercussions become avoided, then there is no incentive to wisely invest in quality companies or make calculated decisions on a short bet. With the lack of transparency already in the markets and the disadvantage that retail investors are already presented, if this rule pass I feel as trust may be lost in the US market. When there are no negative penalties in a stock market with no risk to lose money, then why not try everything watch the world burn?