Apr. 20, 2022
Good morning, This is a resubmission as I had listed an incorrect xxx-801 rule. The rule SEC is trying to pass is SR-NSCC-2022-003 I am a retail investor, and would like to make my thoughts to this proposed rule known. This rule flies in the face of fair market mechanics, and gives unlimited power and scope to bad actors who would abuse such mechanics. It is set in place to \"alleviate Fail To Delivers\", but in action does nothing to eliminate them, and in effect protects the action of naked short selling, which is ALREADY ILLEGAL. This rule leverages the complexity of financial vehicles to put power in the hands of institutions, effectively safe-guarding them from their own bad bets. Passing this new rule would only further deteriorate the American public's faith in a \"free and fair market\". I urge you to withdraw this proposal immediately. The unfair advantages of market makers, hedge funds and other asset managers is already beyond the scope of "free and fair market". This rule cannot pass. It is making everything worse. Thank you, Thomas Kingery