Feb. 13, 2022
To the SEC Reviews Officer, On July 22, 2021 the commission published comments by the Clearing Agency’s Statement of the Term of Substance of the Proposed Rule Change. In short, they proposed to: Limit the price or losses and market impact of a defaulting borrower’s position in order to continue illicit naked shorting. Continuing to distribute shares-on-loan when the accuracy of volume of shares in the open market helps to continue their monetary gains and plunder. The implementation of SR-NSCC-2021-010 is tailored fit for “the elites”; this filing greatly reduces the risk of bankruptcy for banks and market makers, yes but also reduces fairness in the free market. I am against this filing because this ruling will prompt devilish dealings with large banking institutions to continue. Without a dire and fair aberration of consequences for these parties I’m afraid our market place will be as synthetic than the Chinese economy except banks will be the ones calling the shots. Please do not follow through with the rule.