Apr. 20, 2022
Oh hey, we've seen this one before. NO TO SR-NSCC-2022-003 It's been proposed, objected to, withdrawn, attempted again, shot down again, and now it's back. NO TO SR-NSCC-2022-003 It's only purpose is to launder illegal naked shorts & persistent FTDs (you pay for a share but never get one) by adding a layer of indirection, enabling these activities essentially without consequences for the perpetrators NO TO SR-NSCC-2022-003 Consider also that this includes parties who already hold such positions - this is an attempt to wave away the (already deferred) liability of parties who have made illegal and frankly stupid moves trying to manipulate and profit from certain stocks in the market and got caught with their pants down. NO TO SR-NSCC-2022-003 We have seen insane market moves - +-50% in a day on NO NEWS for 'meme' stock - price movements that should not be possible in a functional, well regulated market. This was never normal behavior, and it's not normal now. NO TO SR-NSCC-2022-003 We want transparency, not more obfuscation. NO TO SR-NSCC-2022-003