Apr. 20, 2022
To whom it may concern, concerning proposed regulation SR-NSCC-2022-003 This is a bad rule and should not be implemented. Providing a mechanism by which entities that have engaged in risky (and sometimes illegal) market activity can avoid the consequences when their risk does not pan out is, frankly, absurd. Not only would such a rule heavily favor investment firms and market makers over private retail investors, it would further prevent accurate price discovery on stocks that have been affected by their risky behavior. Short selling is risky; naked short selling is illegal. When that risk is realized, those who took the risk need to own the risk, and pay their dues. This is true for individual investors, and to create a fair system, it needs to be true for the big players, as well. Do not let them skirt the rules. Make them play fair. Kind regards, -Josh Curtis