Apr. 20, 2022
I am disappointed this rule is being proposed. The market already lacks transparency and accountability for large institutions. We need more transparency, not less. This policy has been proposed twice before under different guises, that of which have been withdrawn. This rule would increase avoidance of true market price discovery through onward lending. It also removes the infinite risk of naked short selling entirely, and in so doing the deterrent of engaging in what is supposed to be very risky business practice. It’s all upside for market makers which excessively naked short securities, and all downside for those on the other end of their shorting. How does this contribute to a “fair” market? Will retail investors be able to do the same? This proposed rule is an affront to anyone and everyone who has ever purchased a security in our markets. This proposed rule is an affront to the hard working people who have their pensions and retirement accounts gambled away by these blood-sucking institutions/entities. They must be held accountable just as we would be if it where the other way around. “Rules for thee, not for me,” doesn’t cut it anymore. We have educated ourselves. NO on SR-NSCC-2002-03 Thank you for your time.