Apr. 20, 2022
To Whom it May Concern, The proposed rule outlined in SR-NSCC-2022-003 has to be some of the most blatant cause for concern that has crossed my desk in some time. As a retail investor, I want to have faith in a free and fair market system that can provide opportunity for myself and the members of my community--opportunity to invest in value, to help provide retirement funds, and to see growth and opportunity flourish in a healthy environment. Rules listed in SR-NSCC-2022-003 serve only to make the market less fair, less free, and add unnecessary and dangerous levels of complexity to an already complex system. Specifically, I urge you to consider that Security Financial Transactions (SFTs) would add much risk to financial institutions that have proven themselves to have no regard for proper risk management. Using SFTs, there are many additional ways that financial institutions could skirt their obligations, which would undoubtedly lead to catastrophic results. Lending without obligations should raise red flags all across the SEC. Please reject this proposal and uphold your obligations to keep the stock market free and fair for everyone. Thank you, Andrew Annecharico