April 20, 2022
Hello
The following thoughts on Number SR-NSCC-2022-003:
The market already lacks transparency and accountability for large institutions, so im disappointed this rule is being proposed.
After reviewing the proposed ruel chang I have come to the following conclusion.
This rule would increase avoidance of true market price discovery through onward lending. It also removes the infinite risk of naked shorting entirely, and in so doing the deterrent of engaging in what is supposed to be risky business practice.
It's all pros for market makers which excessively naked short securities, and all cons for those on the wrong side of their shorting. This rule does not contribute to a \"free\" and \"fair\" market by any means.
All FTDs need to be closed/delivered no latter then 30 days after the original delivery date.
As a retail investor its very frustrating to see rules like this being proposed. Hopefully you'll consider the words of retail investors more with your decision making on this and all future regulations.
Thank you for your time.