Apr. 20, 2022
To Whom it May Concern, As a retail investor, after reading through this new proposed rule, the first thing I am concerned about is on page 4 of proposal, "NSCC understands that SFT's provide liquidity to markets and facilitates the ability of market participants to make delivery on short-sales, and thereby avoid failure to deliver, "naked" shorts, and similar situations." Why is one of our financial government agencies openly making a rule to help levitate illegal market activity instead of single-out, confront, and cease it? Does that not seem like obstruction of justice? After reading through a few more pages, it seems as if the NSCC is offering to hide bad lending into more bad lending and thus leveraging themselves even further. Why are we stressing our markets? We all know that a correct, free market will balance itself out with time, and if too much regulation occurs, it has a high chance of becoming drastically unstable and hurting everybody involved. As a law-abiding taxpayer who has great interest in Free Markets and is wary of over-regulation. I do not support proposed rule SR-NSCC-2022-003. It will lead to an overleveraged market, decrease of confidence, and possibility of disaster. I, as well as countless others, demand this rule to NOT be implemented. I will continue to support our American Markets until, and god-forbid, it is no longer free market. I do not support SR-NSCC-2022-003 Concerned Retail Investor, Kolten E. Archuleta