Apr. 20, 2022
Good afternoon, As a retail investor, I am highly against Proposed Rule Change SR-NSCC-2022-003 and feel it should not have even made it this far. The avoidance of market price discovery through onward lending is essentially the entire purpose of this rule. It removes that infinite risk of naked shorting entirely, and in so doing the deterrent of engaging in what is supposed to be a very risky business. It's all upside for those that would engage in naked short selling, and all downside for those on the wrong side of their shorts. Presumably forever. You should also make this information much clearer for the everyday investor. The language and wording is overly complex. Thank you. Sincerely, A US investor concerned fair and free markets are in jeopardy