Apr. 20, 2022
To whom it may concern, The following is my comment for File Number SR-NSCC-2022-003: The market already lacks transparency and accountability for large institutions, so im disappointed this rule is being proposed for a third time under a new name. This rule would increase avoidance of true market price discovery through onward lending. It also removes the infinite risk of naked shorting 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 participants which excessively naked short securities, and all downside for those on the wrong side of their shorting. I do not believe this rule contributes to a fair market, at all. This is very frustrating to see rules like this being proposed that only favor reckless institutions. Hopefully you’ll consider the words of retail investors more with your decision making on regulations, as we’ve been educating ourselves a lot more over the past couple years. Thank you.