Apr. 20, 2022
To whom it may concern, I have gone through the proposed rule you published on April 12, 2022. First of all, I would like to make a suggestion; this is a whopping 177-page document which I believe is purposefully expansive and complicated to discourage investors from reading it in its entirety. Every time, you publish an edit to an existing rule or a new proposed rule, you should put together and publish an executive summary with it. I am a retail investor, and would like to make my thoughts to this proposed rule known. This rule flies in the face of fair market mechanics, and gives unlimited power and scope to bad actors who would abuse such mechanics. It is set in place to "alleviate Fail To Delivers", but in action does nothing to eliminate them, and in effect protects the action of naked short selling, which is ALREADY ILLEGAL and yet not reprimanded with any jail time and laughable fines. This rule leverages the complexity of financial vehicles to put power in the hands of institutions, effectively safe-guarding them from their own bad bets. Passing this new rule would only further deteriorate the American public's faith in a "free and fair market". I respectfully urge you to withdraw this proposal immediately. I have also contacted the DOJ about this proposed rule. Many thanks, Bruno