Apr. 20, 2022
To Whom It May Concern, As a retail investor, I first want to express my strong objection to this rule being proposed. Implementation will allow further Failure To Delivers (FTDs) to accrue, which are currently being used by market makers to inhibit true price discovery and company valuation. Allowing Security Financial Transactions (SFTs) proposed in this rule will allow Market Makers to continue to obfuscate data that should be available to full market participants, while giving other activist investors the means to continue to illegally short sell stocks. SR-NSCC-2022-801 will create a less transparent market which will erode all trust that investors and corporations have of the system, including all regulatory commissions. The players of the game have been caught in their own gamble at a rate they shouldn’t have been allowed. You as a regulatory commission are here to make the game fair, not to bail out the banks by allowing these types of rules. Please reconsider allowing this to proceed any further. Sincerely, Trevor Garner