Apr. 21, 2022
Hello SEC representative, I am a retail investor following the GME and AMC movements, which have gathered a lot of media attention. For more technical folks explaining this proposal to less technical folks as a “Explain Like I’m 5”: assuming no significant changes from 2021-010 it’s a rule to launder illegal naked shorts & persistent FTDs. “SR-NSCC-2022-801 is the new SR-NSCC-2021-010 : Superstonk (reddit.com)” If I understand the summary correctly, this is outrageous and a protection for only hedge funds and not retail. This kind of sentiment makes me lose faith and want to pull all of my money out of the stock markets/401(k)s, etc, and put it into commodities unable to be handled by the American stock exchange. Put a stop to PFOF and make the exchanges lit again. Sincerely, an angry retail investor