Subject: File No. SR-NSCC-2022-003
From: Lucas Schinkel
Affiliation: University of Waterloo

April 27, 2022

This stock market needs more transparency and decency, this rule impairs individual investors and puts them at a further disadvantage. Decisions and rules should be made on behalf of the entirety of the market. The SEC should not be serving a specific group of individuals to the detriment of others.