Apr. 20, 2022
Hello, The following is my comment for File Number SR-NSCC-2022-003. This proposal was withdrawn/stopped twice previously. This third attempt should also be stopped. The market desperately needs more accountability and transparency. After reading the file, I believe this rule would increase avoidance of true market price discovery. It would also remove the "infinite risk" of naked shorting and thus, the deterrent of engaging in what is supposed to be a very risky business practice. How does this rule contribute to a "fair" market by any means? Failure to Delivers (FTDs) are already "reset" through a variety of methods. I am frustrated to see rules like this being proposed that only favor reckless institutions. Please consider how this rule impacts the whole market; don't forget that Retail investors constitute a significant proportion of this market. Consequently, I ask that you terminate this new rule. NO for SR-NSCC-2022-003! Respectfully, Michael V Sharer