Apr. 20, 2022
SR-NSCC-2022-003 the avoidance of market price discovery through onward lending is essentially the entire purpose of this rule. It removes that infinite risk of naked shorting entirely, and in so doing the deterrent of engaging in what is supposed to be very risky a very risky practice. I completely disagree with the introduction of this rule, as it does not represent the interest of retail traders and it contributes to the ongoing shameless manipulation of financial markets.