Apr. 20, 2022
The following is my comment, as a retail investor, detailing my thoughts on this heinous proposal SR-NSCC-2022-003. I am writing you today as a concerned retail investor due to the implications this proposed rule would allow. After reviewing this rule twice now, it is exceedingly clear to me the this rule is in fact AGAINST the best interest of retail investors, whom it is the SEC's sworn duty to protect. This rule negatively affects retail by increasing the avoidance of true market price discovery through continous lending by brokers. It also significantly lessens the infinite risk of naked short selling. A practice, which we are both aware is very risky and for good reason, is sadly still practiced today. Without that risk the institutional investors are free to essentially gamble with tax payer and retail investor's money, posing systemic risk in regards to the integrity of the US economy and stock market. What WE NEED IS MORE TRANSPARENCY to level the playing field between retail and institutions, especially now considering the obvious widening in the wealth gap and ever-increasing inflation. This proposed rule operates in the exact opposite direction. I consider transparency to be of the utmost importance and is essential for a fair and sound economy. It is my wish today that whomever reads this message reevaluates their position with this issue and withdraws the proposed rule. This is not what I, nor any other knowledgable retail investor wants.