Apr. 20, 2022
To whom it May Concern: As a retail investor I was disturbed by the content of this new proposed rule that would effectively allow for FTDs (Failure To Deliver) to continue and worsen, which can be abused by market makers. This does not in any way benefit myself or other retail investors and in fact will be extremely harmful, which goes against the entire purpose of what the SEC exists for. Please do not allow SFTs (Security Financial Transactions) proposed in this rule, whereby the very real financial obligations of the FTDs get passed along instead of settled. This is not acceptable and creates an opportunity to harm retail investors while violating our rights for a free and fair market. The manipulation needs to come to an end. Please remove this proposed rule and furthermore please do not try to propose something similar again in the future, as iterations of this have been rejected in the past and will continue to be rejected by educated investors. The resources of time and energy, mine and yours, are better spent elsewhere as these proposals completely undermine free and fair markets. The mission of the SEC is to look out for the well-being of investors such as myself, I propose you direct your attention to doing so. Regards, M. Andrews