Apr. 20, 2022
No to SR-NSCC-2022-003. I've read every single page of legal speak in the file and it is very clear what this rule proposes: The sole purpose is to launder illegal naked shorts & persistent FTDs. 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. The market already lacks transparency and accountability for large institutions, so I'm frustrated and baffled that this rule is being proposed. This proposal has also been withdrawn twice already. This is it's third time around. The market desperately needs more accountability and transparency, not less! Thanks for taking the time to read this. Hope your day is great. NO on SR–NSCC–2022–003 Sincerely, Concerned Citizen & Market Participant