Subject: File No. SR-NSCC-2022-003
From: Richard Schumaker
Affiliation: N/A

April 24, 2022

GaryGensler

NSCC-03 CANNOT be passed.

This directly protects over-leveraged illiquid Hedge Funds/MMs and NOT retail. This harms retail, and our investments. Its for the .1%.

STOP giving the super advantaged even more advantages. Enough