Subject: SR-NSCC-2022-003 Comment
From: Colin Daly
Affiliation:

Apr. 20, 2022

 



To Whom It May Concern, 

The following email is a comment on the proposed rule: SR-NSCC-2022-003 




This proposed rule aims to avoid true price discovery of a security and is absolutely contrary to free market beliefs. 


This rule would effectively remove the risk of illegal naked shorting, which is illegal, and effectively give free reign to market makers who already have an advantage through dark pooling and trade rerouting. 


This rule will help perpetuate and facilitate already incredibly risky business practices by market makers. These practices include shorting etfs, FTDs (failures to deliver), naked shorting of individual stocks, and dark pooling. 


I am a retail investor and believe that this rule will continue to unbalance the power away from regular investors, and as result make the markets less free. The above comments are my own, and I am concerned that the SEC is not acting in everyone's benefit. Please do not pass this rule. 


Kindly, 


A Retail Investor