Apr. 20, 2022
Dear committee, I am a retail investor, and would like to make my concerns to this proposed rule - SR-NSCC-2022-003 - known. This rule provides unlimited power and scope to individuals 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 illegal naked short selling. 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 public's faith in a "free and fair market". I urge you to withdraw this proposal immediately. Regards, Mr. Nathan Sletten