Apr. 20, 2022
The proposed rule is a step in the direction of furthering structural market issues instead of addressing or resolving them. Large financial institutions that borrow stock that they then fail to deliver do not need a lighter collateral requirement, they need a higher collateral requirement to offset the volatility and systemic risk that they introduce with their unethical and opaque business practices. In addition, please include a summary document with any SRO proposed rule change so that an individual retail investor can easily and effectively understand the proposed rule changes without needing to set aside hours to read and absorb the information