Subject: File No. S7-05-22
From: JWong
Affiliation: Government

February 19, 2022

Im positive on implementation of faster settlement cycle, especially for retail investors. Currently scheme allows only large institutions to benefit and leverage to settle earlier than retail investors. If the argument of retail would destabilize the market then large sum in and out of market by large institutions would be destructive to the public as they both have the capability and yet without any oversight or any history of code of conduct in any way.