Apr. 20, 2022
Dear SEC Members,
As a retail trader, I am concerned about this rule proposal which seems yet again to misalign market structure with the interest of retail investors. This proposal seems to afford an alternative escape hatch for anyone making a bad bet on the market with a swap of obligations that are not equivalent to one another. I am strongly in opposition of this rule and recommend that a larger discussion around why even such a rule would need to be proposed. If resulting obligations have become so onerous on bad bets, we should be fixing the root cause of the enormity of the bad bets themselves, not offering additional can-kicking opportunities.
Thank you,
Jason
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