Apr. 20, 2022
I urge the SEC to withdraw the proposal of SR-NSCC-2022-003 immediately, as I can see no benefits to the retail investment community. The commission has done nothing to prevent other similar practices such as PFOF, Dark Pool Trading, and naked short selling. Approving and accepting proposals and practices such as this, will force the retail community to lose faith in our financial markets. Personally, I am on the verge of liquidating all positions, IRA and other financial instruments. I do not have faith in our financial markets and its players and its proposals like that are leading me towards my decision. The SFT proposal appears to be a knock off of the Reverse Repos and an escape for big market players to leave taxpayers and retail holding the bag for their reckless and manipulative trading strategies. This proposal acknowledges Naked Shorts and the SFT to enable and fund it. The future of the US financial markets depend on your actions with these practices and proposals. How does this help the retail investor? Making markets is not an acceptable answer. Thank you for your consideration.