William Lehnert Comment On Regulatory Notice 21-19
These rule changes are long overdue - public faith in equity markets represent a vital economic and strategic strength of the US and our position in global finance. There will be specific firms that lobby to oppose these rules for their own selfish near term purposes - but they are ultimately short sighted and against the public interest. Tens of millions of Americans rely on equity markets now more than ever for their economic security through 401k's - as defined benefit pension plans have largely become extinct in the private sector. Abusive short selling and lack of transparency does not correlate to free and open markets.