Apr. 20, 2022
Thank you. In my comment to you (attached, below) I foolishly sent it to you from may main email address (which I know realize will be publicly posted and can overwhelm me with spam). I manage my own domain but do not want to have to invest in expensive software to filter for nonsense. Is it possible for you to use an alternate email address? like perhaps the one I’ve copied here for the public posting of my comment, the comment being the same? I understand if you can’t but thought I’d ask. I also included (as I always automatically do through software) my regular signature which includes my actual address and phone and email. That would be bad to release the PII. Please do what you can to protect me. Thanks. On Apr 20, 2022, at 9:08 AM, Rule-Comments <Rule- > wrote: Thank you for submitting a comment to the U.S. Securities and Exchange Commission. This auto-reply message is your notification that we have received your comment letter. 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If you are a securities professional needing assistance on technical matters, please check the "SEC Divisions" and "Information For" pages on the top right of our website, www.sec.gov. We appreciate your taking the time to communicate your thoughts on our proposed rules. Sincerely, Office of the Secretary U.S. Securities and Exchange Commission Dear Sir or Madam: Regarding proposed rule change SR-NSCC-2022-003 (Link to SR-NSCC-2022-003 : https://www.sec.gov/rules/sro/nscc/2022/34-94694.pdf), I find myself quite concerned. As a retail investor I am more than a bit concerned about the various rules you have put in place to protect those “market makers” and others who abuse and manipulate the system to effectively print counterfeit shares. I am a heavy investor (Retail, remember, and I am disabled and on a fixed income) in Gamestop (GME) because I believe in the fundamentals, and in what they are doing to transform the company. I also believe it is artificially undervalued because of the abuse of market makers in creating several times the float in counterfeit shares. I understand that Market Makers can create shares out of thin air for liquidity; however what they have done goes far beyond that, creating tens to hundreds of million shares of GME out of thin air. Quite simply, this dilutes my position and as the overseeing government agency, I want you to protect me. Full stop. What are you going to do about it?! Please do not allow SFTs (Security Financial Transactions) proposed in this rule, to create new and potentially endless layers of can-kicking to be allowed, whereby the very real financial obligations of the FTDs get passed along instead of settled. I can see how it provides stability in the moment, but it also allows for abusive practices where market makers are never accountable for their failings. This is not acceptable and creates an opportunity to harm retail investors and it violates our rights for a free and fair market. The manipulation needs to come to an end. Please remove this proposed rule and furthermore please do not try to propose something similar again in the future, as iterations of this have been rejected in the past and continue to be rejected by educated investors every time they resurface. What a colossal waste of time, mine and yours, to continue to have to repeat this song and dance over and over again. Sincerely, Martin Long (PII removed here, but was included in my initial comment to you)