Apr. 20, 2022
Please remove my previously sent comment. I wish to withdraw any commentary at this time On Wed, Apr 20, 2022 at 12:26 PM Angel Perez < > wrote: I am shocked and appalled that this rule is even being considered if our financial sector considers itself to have any integrity and wants to remain a lasting presence in the world economy. This rule is bad for investors and shareholders because it completely compromises the integrity of the system as a whole. Allowing financial institutions to manipulate markets to the point where they can use naked short selling with absolutely no risk involved causes investors both domestic and internationally to lose complete faith in the system. The whole point of short selling, naked short selling in particular, is that there is infinite risk involved in what is a harmful business practice. Without the risk involved, financial institutions would be able to have an insane advantage through forward lending in manipulation of markets and the free market that we all know and love so much would cease to exist entirely. Twice before rules like this have been proposed and twice before they have been shot down - and for good cause. The American investor has become acutely aware of the people and activities that are manipulating the markets. In order to create a richer, more successful, higher integrity market, rules like this need to be struck down every time. I know that you will do the same again, knowing that so many people are watching and counting on you to have the level of integrity to do the right thing. Signed, Angel Perez