Apr. 20, 2022
In a time where the fairness of our markets is severely questioned, this rule is a killing blow. I beg you to recognize how this avoidance of price discovery through onward lending is a threat against the everyday, increasingly-powerless, retail investor. The markets need MORE transparency not less. It is obvious who would be benefitting from this rule and of course it is not the retail investor. If there is no downside to short selling and all benefits, how is it the market free and fair to those on the opposite end of those short sellers trades? Is any retail investor or publicly listed company safe in these markets for that matter? This is a disappointing, frustrating, and obvious proposal. Please, NO to SR-NSCC-2022-003. As everyday investors become educated they will become increasingly disheartened and distrusting of our markets. Please reverse the course we are on to give unlimited power to market makers and short sellers and move towards a more fair and transparent market. Please do not lose the last of the ever fleeting trust in our markets by such a proposal. Thank you for your time.