Apr. 20, 2022
The following is my comment for File number SR-NSCC-2022-03 I am writing as an overseas retail investor, very concerned about implications of the rule you proposed. after reviewing the file, it is clear this rule is in fact against the interest of retail investors, whom sec is supposed to protect, by increasing avoidance of true market price, discovery through continuous lending. it also significantly lessens the infinite risk of naked shorting. that practice, as I am sure you are aware, is by nature very risky and for a good reason. without that risk, the institutional investors are free to essentially gamble with taxpayers and retail investors money, posing systemic risk to the integrity of the US stock market. What we need is more transparency in how stock market works to level the playing field between retail and institutions, considering the widening wealth gap and soaring inflation. The proposed rule acts in the opposite direction. I consider that transparency is essential for a fair and sound economy, as well as for the democracy. I sincerely hope that whoever this concerns will revaluate their position and withdraw that ruling completely thanks