Apr. 20, 2022
Hello, I'd like to make the following comments on the proposed rule, as a retail investor from Australia. This rule proposes yet another swap for short shares to cover with, so the underlying price is not changed, and there is still no price discovery. For over a year we've had to listen to short sellers and their ilk stating shorts have covered, whilst fail to delivers have racked up. Now they want to swap the FTDs to SFTs, so the underlying does not affect the price, so they can cover fraudulent shorts and phantom shares without letting the price run. Stop protecting short sellers, when they have treated the market with such disdain. Kind regards, Robert Rickard