Apr. 20, 2022
We have to fight this. They want you to abandon the mandate to protect investors and maintain fair, orderly, and efficient markets by to subverting regSHO locate requirements. Fair and orderly markets need MORE locates and LESS borrowing. Adopting SR-NSCC-2022-003 would be literally moving the markets backwards! A wise man once told me, "you don't ever go backwards." It just doesn't feel right and you know it. For once, trust we must all trust our gut on this. Just because some market participants got themselves into hot water doesn’t mean that the SEC should change the rules to protect them from consequences. Make the borrowers deliver on their promises! BE STRONG Best, Oliver Yaney