Apr. 20, 2022
As a retail investor, I am very troubled by the content of this new proposed rule that would actually allow FTDs (Failure to Deliver) to continue and worsen, that can be abused by market makers and used together with illegal shortings and obscure abusive pool trade routing to control and suppress the price of securities trading. This does not benefit investors in any way and could indeed be extremely harmful, which is anathema to the whole purpose of the very existence of CFCs. Please do not allow the Security Financial Transactions (SFTs) proposed in this rule, to create new and potentially infinite levels of can-kicking to be allowed, so the real financial obligations of the FDDs are transferred rather than liquidated. I can see how it provides stability at the moment, but it also allows abusive practices in which market makers are never responsible for their failures. This is not acceptable and creates an opportunity to harm retail investors and violates our rights to a free and fair market. The manipulation must stop. Please remove this proposed rule and also please do not try to propose something similar again in the future, as its iterations have been rejected in the past and continue to be rejected by educated investors whenever they reappear. What a colossal waste of time, yours and mine, to keep having to repeat this song and dance again and again. The mission of the SEC is to take care of the welfare of investors like me, so I would suggest you turn your attention to that. This could best be achieved by banning Payment For Order Flow, which is inherently harmful to retail investors and unfairly benefiting market makers and brokers who do not have the best investor interest in mind. Another goal worthy of your attention would be that Voucher MISE per P.IVA e PMI: fino a 2500€ per la Banda Ultralarga. https://casa.tiscali.it/promo/?u=https://promozioni.tiscali.it/voucher_business/