Apr. 20, 2022
Correction to my previous statement I made a comment regarding a rule SR-NSCC-2022-801 when I meant it for SR-NSCC-2022-003 which would serve to protect FTD's with STF's. On Wed, Apr 20, 2022, 5:59 PM Tanner Hall < > wrote: SR-NSCC-2022-801 is an appalling defense of bad actors who manipulate the economy to their advantage, and to allow an addition like this would be the beginning of the end financially. To provide a protection layer for short sellers against the consequences of their actions does nothing but further encourage the negative practices of abusive short selling to destroy companies. As a retail investor this is not only a huge slap in the face, but an unbelievably inexcusable step towards furthering the power gap between those who already have egregious control on the operation of lit markets versus the individual investors who have no power against their shares being sent to dark pools and not influencing price discovery properly as it was intended by creation while short sellers can drive down (if this is added, without risk) the price of any stock beyond what the truth would reflect based on buying incentive and fair market value. If this is passed, confidence in the stock market and the people who are supposed to be helping it run properly (such as for example: THE SEC) will drastically be reduced. This serves NOBODY except for abusive short sellers, who are in all intentions and practices commiting financial crimes while being slap with laughably pathetic fines incomparable to the effect of their actions and the gains of their wrongdoings. This single-handedly would prove to the world that the SEC is complicit in protecting not the retail investors they claim to help, but rather the ignorant selfish criminals who are treating this economy like their own personal casino such as the Citadel and Susquehanna hedge fund groups. You do this and you show your true allegiance not to protect this country and it's citizens, but on the wrong side of history. This is no small act, this would only serve to snowball an already out of control economic imbalance into severe financial devastation internationally. You would not be fooling those who are truly paying attention. You can use whatever intentionally complicated verbiage you may choose too, but you can't avoid the truth. This is in all truths, an inexcusable rule that provides zero benefit to the common investor.