Apr. 20, 2022
To whom it may concern: As a retail investor I am highly disturbed by the content of this new proposed rule that would effectively allow for FTD's (failure to deliver) to continue and worsen, which can be abused by market makers and used in conjunction with illegal naked shorting to suppress the price on security trading. This does not in any way benefit investors and in fact could be extremely harmful, which is counterintuitive to the entire purpose of the SEC's very existence. Please do not allows SFTs (security financial transactions) proposed in this rule, to create new and potentially endless layers of can-kicking to be allowed. whereby the very real financial obligations of the FTD's get passed along instead of settled. 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 continue to be rejected by educated investors every time they resurface. What a colossal waste of time, mine and yours, to continue to have to repeat this song and dance over and over again. The mission of the SEC is to lookout for the well-being of investors such as myself, so I would propose that you direct your attention to doing so. This would best be accomplished by banning PFOF (payment for order flow) which is inherently harmful to retail investors and which unfairly benefits market makers and brokers who do not have investors best interests in mind. Another worthy target for your attention would be to shut down the abusive use of dark pools by market makers such as Citadel which has been used to undermine the true value of securities traded by retail investors and to suppress price discovery. Thank you in advance for your timely attention to this matter, and please live up to your obligations and help the investors from predatory behavior by financial institutions. Sincerely, Jimmy J. Twotones