Subject: SR-NSCC-2022-003
From: Andrew Kastl
Affiliation:

Apr. 20, 2022

 

I’m not usually the type to comment, but the fact this is a third attempt to file a rule like this is completely absurd. We have enough can-kicking in this system, do we really need another? The market need more locates and less borrowing! It does not take a finance degree to comprehend that this ruling will allow, yet again, a route for large institutions to play hit potato with meaningless lending. It’s safe to say that this will upset a lot of retail investors, which you’re supposed to protect. In addition to, creating less transparency. Tighten up SEC.