Apr. 20, 2022
To whom it may concern. I am a very concerned US citizen retail investor who felt compelled to write about my issues regarding SR-NSCC-2022-03, particularly about the implications of this proposed rule. After a thorough review, it is very clear to me that the rule acts against the interest of retail investors, of whom the SEC is mandated to protect. It does that by increasing possibility for avoidance of true market price discovery through continuous lending. It also significantly lessens the infinite risk of naked shorting. That practice, as I am sure you are aware, is by nature very risky and for a good reason. Without that risk, the institutional investors are free to essentially gamble with taxpayers and retail investors money, posing systemic risk to the integrity of US stock market. What we need is more transparency in how the stock market works to level the playing field between retail and institutions, especially considering the widening wealth gap and soaring inflation, among other problems our society faces. The proposed rule acts in the opposite direction, favoring the rich and powerful. I regard transparency as CRITICAL for a fair and equitable stock market, especially since we retail investors don't have the same tools as the "big guys". I sincerely hope that whoever this concerns, will reevaluate their position and withdraw this proposed ruling completely. Thank you for your consideration and time. Very Respectfully, Michael Keehn