Subject: SR-NSCC-2022-003 Comment
From: Andrew Putman
Affiliation:

Apr. 20, 2022

 



I am a retail investor. I would like to make my thoughts about this proposed rule known. This proposed rule is clearly a very bad idea and it should be withdrawn as soon as possible. This proposal would empower and embolden bad actors in our markets by allowing them to avoid consequences of their questionable and/or risky actions and bets without justification to the disadvantage of honest retail investors. It is written to 'alleviate Fail to Delivers' but does not eliminate them. This in effect protects those who have conducted naked short selling, which is nominally an illegal activity, and should therefore not be alleviated. An organization or entity engaging in such activities should not be assisted by rule changes. Instead rule changes should be implemented to create additional transparency and punish those who conduct this activity. This kind of rule only further erodes the American public's faith in a 'free and fair market'. I again urge you to withdraw this proposal immediately. 


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Andrew 'Ezra' Putman 

917-456-2406 
  
He/Him