Apr. 20, 2022
To whom it may concern: Thank you for taking the time to read through investors' comments and concerns about proposed financial legislature. As individual, low-capital investors, it can be difficult to fight for ourselves when we're up against the whims of high-capital firms with large amounts of influence. It means the world to us. I am writing to you regarding the changes proposed in SR-NSCC-2022-003. I firmly believe that the creation of Security Financial Transactions (SFTs) will lead to reduced transparency and allow large firms on the losing-end of trades to skirt accountability. This would greatly hurt retail investors and would jeopardize the market's ability to be free and unbiased. Retail investors rely almost solely on 100% publicly-available information - something that already benefits Wall Street firms with access to higher-quality, private market information. From what I understand, STFs would only contribute to this problem. If I have misunderstood the purpose and functions of STFs, please let me know. The proposed rules are unfortunately very difficult for the layman to read, and as such I am solely going off my own understanding of them. Thank you for your time. Isaac Corbrey