Apr. 20, 2022
This rule does not benefit retail investors at all. This rule is made for big players, and bad actors, who want to wiggle out of their obligations to cover FTDs, Naked Shorts, and the like. The SEC does not seem to have retail's interest at heart. Do away with this rule that was only meant to replace SR-NSCC-2021-010, because retail investors are well aware of these proposed rules, and we'll be here to call you out on it every time.