Apr. 20, 2022
The following is my comment for File Number SR-NSCC-2022-003: The market already lacks transparency and accountability for large institutions, so im disappointed this rule is being proposed. My conclusion from this proposed rule: This rule would increase avoidance of true market price discovery through onward lending. It also removes the infinite risk of (naked) shorting entirely, and in so doing the deterrent of engaging in what is supposed to be very risky business practice. FTDs are already have a reset-mechanic (30 days). This would remove that entirely. This is very frustrating to see rules like this being proposed that only favor reckless institutions. Hopefully you'll consider the words of retail investors more with your decision making on regulations. This rule, on it's own, can devastate all trust in the US stock market. Kind regards, Younes El Amri