Apr. 20, 2022
Good afternoon, This rule seems to favor market makers and hedge funds. It appears as though this will enable the continuation of massive amounts of failures to deliver, and inhibits transparency and true price discovery. It is shameful that this rule is even being proposed with how clear it is to the retail investor that the "free and fair" market is working against them when rules like this are proposed. Allowing this to pass would simply show that the retail investor means little to nothing to the SEC. Please do not allow the creation of SFTs to create new layers of failures to deliver. In my opinion, allowing this is so short sighted, as this instrument could be abused on a large scale. Thank you for your consideration.