Subject: File No. SR-NSCC-2022-003
From: Steven Gallant

April 22, 2022

Hedge funds and market makers should be held accountable for their poor decisions, not bailed out by rules made in their favor. This proposal is horrible and tips the scale further in their favor. It is bad enough that they pay minuscule fines for transactions that net them millions/billions. This rule leans heavily against retail investors and should be immediately removed from consideration.