April 20, 2022
I do not support the proposed rule SR-NSCC-2022-003. It is not in the best interest of retail investors. This new rule would effectively give market makers and other big groups with a lot FTD's another way to can kick by using these SFTs. It gives market makers with an endless share loophole. Why not instead of creating more ways for the FTDs to be can kicked actually go after these institutions for failing to deliver?? How is it possible there is so many fail to delivers in existence in the first place? The thought of any other industry failing to deliver so many times is crazy, so why protect the big players instead of the retail investor? These SFTs are a crazy idea and in no way shape or form help or protect the retail trader. Please remove this rule and iteration of it as it does not represent in the slightest a free and fair market. We have to stop protecting market makers and actually protect the retail investor.