Apr. 20, 2022
I am completely against SR-NSCC-2022-003. This proposed rule in no way provides protection for retail investors. This rule was written by banks and market makers and hedge funds as a means to continue naked shorting practices and hide failure-to-delivers with little to no ramification. SFT's should never be considered equivalent to a security. This is essentially trading monopoly money instead of real and tangible shares of companies. This rule was written to be abused from whatever thin veil of justification to further allow wall street to manipulate whatever they like. Reject SR-NSCC-2022-003.