Apr. 20, 2022
Subject: Comment on proposed rule SR-NSCC-2022-003 ------------------------------------------------------------------------------ Greetings. As an active retail investor, I am motivated to comment on this newly proposed rule. I do not see the value in allowing this rule to come into effect. From my understanding, it will allow Failure to Delivers to continue within the market, which will allow abusers to "kick-the-can" on their obligations instead of settling. I fail to see how this is contributing to a fair market, and especially on behalf of the retail investor, who has relatively little power in receiving accurate price discovery to begin with thanks to off-exchange routing. Please do not allow these SFTs to enter the market structure. Looking at the track record of various market makers, this seems like yet another way for them to manipulate outcomes in their favor. My education in this realm over the past several years have uncovered many irregularities that are not only ignored by the SEC, but are now attempting to be enforced by the agency created to ensure fair markets in the first place. This disturbs me greatly. I thank you for taking the time to read my comment, and hopefully it will translate into the disposing of this proposed rule. I believe the SEC has the ability to stand up to market abusers, but seeing numerous attempts to protect them has only left me feeling more and more discouraged and depleting my faith in fair markets. Please, do what is just and right for the American people, not those market makers corrupted by greed. Any further proposed rule that treads on similar ground will be resisted by a new class of retail investors who have become aware of the true workings of the equities market. A.S.