Apr. 20, 2022
Hello, The following is my comment for File Number SR-NSCC-2022-003: The market already sorely lacks transparency and accountability for large institutions. I am absolutely furious and gutted that this rule has been proposed. This rule would increase avoidance of true market price discovery through onward lending. It also removes the infinite risk of naked shorting entirely, and in so doing the deterrent of engaging in what is supposed to be very risky business practice. This rule would hand over the complete control of wallstreet over to the market makers who with other banks/ hedgefunds could infinitely short companies into insolvency with 0 risk. I absolutely fail to see how anyone in their right mind could have proposed such a rule as I absolutely do not see how this could help with transparency or create a fairer market. FTDs are already "reset" through a variety of methods such as using deriviatives not allowing them to reach their 30 day mark where the security needs to be "delivered." This rule is a slap in the face of retail investors and even the proposal is an insult. This rule is nothin but a nice backdoor for criminal shortsellers of which there are too many in the market already. This rule belongs in the trash can where it belongs. A retail investor