Subject: File No. S7-05-22
From: J.A.

February 19, 2022

I support T+1 settlement and encourage you to implement it much sooner than 2024. Perhaps I'm ignorant to market mechanics, but my assumption is this could be implemented immediately and is only put off for two years to unwind at a slower pace (my assumption being moving quicker would collapse the systems that are being abused). I have been both happy and depressed to learn as much as I have during the past two years about how the market actually works. There appears to be nothing free or fair about it and anything related to transparency is crucial. From a \"retail trader's\" point of view, there are no systems in place to effectively monitor and punish the crime that has become a disease in the entire world's financial systems.