Apr. 20, 2022
To whom it May Concern: As a retail investor, I am highly against Proposed Rule Change SR-NSCC-2022-003 for what I believe to be very obvious reasons. The fact that you even entertain this sort of proposal is.. interesting, to say the least. You should also make this information much clearer for the everyday investor - not everyone has the sources or ability to figure out what any of them mean, and I believe that to be intentional to keep retail investors uninformed or intimidated through highly complexed processes and wording. Services should be made easier to contact regulators and regulators should do their jobs. I am highly disturbed by the content of this new proposed rule that would effectively allow for FTDs (Failure To Deliver) to continue and worsen, which can be abused by market makers and used in conjunction with illegal naked shorting and abusive dark pool trade routing to control and suppress the price on security trading. This does not in any way benefit investors and in fact could be extremely harmful, which is anathema to the entire purpose of the SECs very existence. Please do not allow SFTs (Security Financial Transactions) proposed in this rule, to create new and potentially endless layers of can-kicking to be allowed, whereby the very real financial obligations of the FTDs get passed along instead of settled. Thank you in advance for your timely attention to this matter, and please live up to your obligations and help the retail investors from predatory behavior by financial institutions. Sincerely, Sony