Subject: File No. SR-NSCC-2022-003
From: Robert Merrill
Affiliation: Trader

April 22, 2022

THIS ONLY BENEFITS ONE GROUP OF PEOPLE (INSTITUTIONAL HEDGEFUNDS AND BANKS) IT DOES NOT PROTECT RETAIL AND THE GENERAL PUBLIC. HOW DOES FIRE SALE CONTROL GIVE THE \"FAIR FREE\" MARKET THE CHANCE TO BE RIGHT. IF INSTITUTIONS CONTROL ONE SIDE OF BE MARKET BY PRINTING MORE SYNTHETIC SHARES. IT DOES NOT FIX THE PROBLEM BUT HIDES THE PROBLEM. SIGNIFICANT LOSSES ARE NEEDED. SO WE CAN RECYCLE AND GET RID OF THE BAD ACTORS BEFORE WE CAN GET BETTER WITH THE GOOD RECYCLING. HEDGEFUNDS/ INSTITUTIONS NEED TO BE RESPONSIBLE FOR ACTIONS TAKEN. NO MORE FREE HANDOUTS TO BAD ACTORS THAT MANIPULATE AND KEEP PUTING THE SYSTEM AT HIGHER SETS OF RISK WITH CNS PROGRAMS. LETS SEE HOW LONG IT TAKES TO GET THROUGH TO YOU REGULATORS THAT RETAIL AND THE GENERAL PUBLIC ARE THE RECYCLING PROCCESS THE SYSTEM NEEDS. THATS MAKES IT POSSIBLE FOR THE SYSTEM TO WORK FOR EVERYONE. YOU WILL MAKE RETAIL NOT PARTCIPITATE WITH REGULATIONS LIKE 003. THAT SERVE ONE GROUP OF WEALTHY PEOPLE AND LEAVE THE REST IN THE COLD. GIVE RETAIL THE CHANCE TO MAKE MONEY TOO. RETAIL REMEDIES THE SITUATION AND ITS BEEN PROVEN TIME AFTER TIME THAT WERE RIGHT. ITS JUST GOING TO STING FOR A FEW YEARS. DONT SACRAFICE THE FUTURE OF YOUNG AMERICANS PROSPERITY OVER TO CRONY-INSTITUTIONAL GREED. PLEASE PLEASE PLEASE PUT A STOP TO PFOF AND MASSIVE SYNTHETICS. AS WELL AS INSTITUTIONAL MISREPORTING. WE ARE NOT THE ENEMY. WE ARE THE SOLUTION. WE ARE THE APES.