Apr. 20, 2022
I do NOT support the adoption of SR-NSCC-2022-003. As a retail investor, and many alike me that are probably writing to you at this moment in time, at face value this seems like a rule intended to create another layer to protect the bad players in the markets. Every day millions of retail investors and foreign investors are losing faith in the entire US market, it is no longer a free market with these kinds of rules put in place and that crushes the opportunity any retail investor has of investing in their favourite companies. This rule change will only amplify the loss of faith to the point where inequality between big players on Wall Street and investors around the world will become so big that everyone starts hearing about it - and they have for years - it is only a certain amount of time before the people wake up and leave the broken system for a more transparent alternative that will come in the near future. The SEC should be implementing rules to make the markets more transparent, not opaque. What ever happened to "protecting retail investors"? I and every other retail investor are pained by the fact that there is nothing done by the SEC in order to protect retail investors and it NEEDS to change. This rule change is an example of how to seriously harm retail investors, do not pass this rule, I am extremely concerned with the SEC's interest in only helping Wall Street and firms alike. History will remember those who did, and those who did not.