Feb. 7, 2024
Dear Sirs, I am a retail investor. There are millions of us against this rule change. The banks and hedge funds know something is coming and are looking for a way to - once again - take advantage of retail. Margin Calls are necessary in order to keep more manipulation at bay! If you take away the fear of margin calls you're letting the hedge funds and banks that sold more shares than are available! The balance is they have all these tools and loopholes to use in the name of "liquidity" to short a stock and drive it down in price far below what's possible. We expect that because on the other side is a possibility of a margin call to where all the shorts become possible buyers of a stock. If you take away margin calls in a volatile situation you are making an already unfair situation worse for retail. The SEC is supposed to protect retail investors. This rule change is 100% against helping retail. Kind regards Hartwig Angerbauer