Apr. 20, 2022
SR-NSCC-2022-003 should be denied. I have read the file and believe this rule would increase avoidance of true market price discovery through onward lending. It also removes the infinite risk of naked shorting entirely, and fails to serve as a the deterrent to risky business practices. This rule only benefits market makers by allowing them to excessively naked short securities. FTDs can already use derivatives to prevent reaching thirty days and being delivered. This rule only tempts recklessness by major institutions. This rule does not contribute to a fair market. Please consider the interests of Retail investors when reviewing or amending regulations. Misty Chisum