Apr. 20, 2022
Hello I find it odd that you propose a rule change that allows for FTD's, which should not exist in the first place, to be solved without price discovery. This rule is made for and by big money. I cannot think of anything other than the powers that be have lobbied this proposal into existence as it is so blatantly obvious it would never help the retail investor. With price discovery comes volatility. While I might have a perfectly edible condiment today does not vouch for its future state. Hence the volatile movement when discovering its rot. Fire sales should be allowed and those that are overleveraged should be allowed to metaphorically burn in the process. That is the natural way of things. While you might be fooled into thinking this rule will prevent retail investors being burned, they already are in their 401K's. This will only serve to extend the number of loopholes in which the market makers and institutional investors already have at their disposal. Honestly. As a foreign investor, that has taken an interest in the American market, I find it sickening how much corruption is allowed - in broad daylight! One can only imagine what the market really looks like once lobbying powers are removed. I quoted this next line off of your website. The mission of the SEC is to protect investors; maintain fair, orderly, and efficient markets; and facilitate capital formation. I fail to see how you comply with that line of thought when you continue to propose a rule change that, in it's nature, is similar to the rejected SR-NSCC-2021-010. Please remove this proposal and take note to never forth any such proposition again. Sincerely A concerned individual investor