Subject: SR-NSCC-2022-003
From: Kyle Miller
Affiliation:

Apr. 20, 2022

 

Hello, as an individual investor I do no believe the the rule in the subject has the best interests of the people in mind. It seems to be a rule designed solely for the benefit of Wall Street and has no place in a fair, free, and transparent financial system. 
The FTD system is already a joke and does not work, this new rule will almost completely eradicate what little enforcement is left. This will remove much of the risk of naked shorting, which is already an incredibly shady strategy. 
Please consider the words of retail investors, such as myself, before all faith in the integrity of the Inited States financial system is lost.