April 20, 2022
NSCC-2022-003 is nothing more but a vehicle to reward over leveraged hedge funds to get relief for illegal activity such as naked short selling. The last two years these issues have been highlighted retail investors who have revealed these illegal practices and how they are getting away with it. This is to protect institutions who have been reckless (same as 2008) and are looking for a way out. This rule should not pass as it always for criminal activity to continue.