Apr. 20, 2022
To whom it may concern; This email is written in response to the proposed changes in securities legislation, specifically SR-NSCC-2022-003, in which your proposal of a Securities Financial Transaction would allow for the evasion of buy-in at market prices for participants who choose to fail-to-deliver rather than participate in a fair market and purchase securities they are compelled to purchase..at the fair market price. This proposed rule is yet another complexity that moves in the opposite direction of where America's markets need to be. Rather than fair and transparent, this is a rule that further reinforces the ability of institutional actors to nakedly short sell securities with impunity. I strongly oppose the creation or adoption of this rule. How does this proposal keep markets fair for all participants? And for those participants that have manipulated and profited from naked short-selling: every lie is a debt eventually owed to the truth. SR-NSCC-2022-003 only further reinforces retail investors' valid belief that capital markets exist to extract wealth from the average individual participant. Thank you, --- Mitch Wilson Peony Investments VMW Ltd. 905.921.8755