Subject: SR-NSCC-2022-003 Comment
From: Troy Hitchcock
Affiliation:

Apr. 20, 2022


Hello,

Hasn’t this been proposed twice already? This is egregious for anyone that knows what it means. 

Please explain how a rule to assist obfuscating Failures To Delivery (FTD) is a good thing? I was always taught that FTD’s are indicative of an inefficient market, hinder price discovery and may be sign of fraud. Again please explain why a rule is needed to hide FTD’s? 

Please do the right thing and strike this down for a third time.

Thank you, 



Troy Hitchcock | Accounting Administrator


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