Subject: SR-NSCC-2022-003
From: Jacob Cripe
Affiliation:

Apr. 20, 2022

 


To whom it may concern, 


This rule change will only serve to weaken public trust in our financial markets. The answer to addressing fire sales and liquidity crises is not to give "participants" a backdoor to exit their risky positions, it is to deter risky positions in the first place. "Systemic risk" exists in these scenarios because human greed and corruption has gone unchecked in our financial markets for too long. This rule will bolster these attitudes and will do nothing but increase the risk that permeates the system until a new rule change will be required to address the new crisis. Checks and balances exist in our government to protect public peace and trust against the worst of human nature. It is clear to me that our markets do not enjoy the same protections and this proposed rule change highlights the corruption that has a stranglehold on them. SR-NSCC-2022-003 must be withdrawn immediately. 


Sincerely, 


Jacob Cripe 
Concerned Investor