Apr. 20, 2022
I am writing as a retail investor in opposition to SR-NSCC-2022-003. This rule will encourage greater share lending without accountability for entities who are making poor choices and lack collateral to back their current obligations. By removing risk of naked shorting, it removes the deterrent of engaging in what is supposed to be a risky (and illegal) practice. This rule stacks the deck against retail investors and further erodes trust in a fair, transparent market. Please consider the words of retail investors in your decision making on regulations to maintain a modicum of trust and fairness in the system. Thank you, John Abrashkin