Apr. 20, 2022
The following is a comment for File Number SR-NSCC-2022-003: The market already lacks transparency and accountability for large institutions, so I'm disappointed this rule is being proposed. This rule would increase avoidance of true market price discovery through onward lending. It also removes the infinite risk of naked shorting entirely, therefore allowing the same illegal practice that's been happening in this "free" market It's all upside for market makers which excessively naked short securities, and all downside for those on the wrong side of their shorting. This will only further the shorting practices of many companies out there. There must be a limit. FTDs are already "reset" through a variety of methods such as using deriviatives not allowing them to reach their 30 day mark where the security needs to be "delivered." This is very frustrating to see rules like this being proposed that only favor reckless institutions. Please consider my opinion and the opinion of actual retail investors in this decision as this is something that doesn't protect us. Hopefully you'll consider the words of retail investors more with your decision making on regulations, as we've been educating ourselves a lot more over the past couple years. Thank you