Subject: File No. S7-05-22
From: Sean Lin
Affiliation: Retail Investor

February 19, 2022

Dear SEC,

It is absolutely mindboggling that in 2022 the settlement for trades is still T+2. And fail to delivers are given T+35. The unbelievably long settlement period allows shares to be sold short and rehypothecated multiple times. This rampant abuse gives major doubt into a \"free AND fair market\". When there are more shares in circulation than shares issued, this dilutes the share price and prevents true price discovery which is the whole purpose of a free market