Apr. 20, 2022
The following is my comment for File Number SR - NSCC - 2022-03 I am writing as a concerned retail investor, and I am particularly concerned about the implications of the rule proposed. After reading through the file, it is very clear to me that the rule in fact acts against the interest of retail investors, whom the SEC is fiscally required to protect. It does that by increasing the possibility for avoidance of true market price discovery through continuous lending. It also significantly lessens the infinite risk of naked shorting. That practice, as I am sure you are aware, is risky and for a good reason. Without that risk, the institutional investors are free to essentially gamble with taxpayer's and retail investor's money. This poses systemic risk to the integrity of the US stock market. What I don't simply demand, but the market requires, is more transparency in the market and how it functions as a whole and on the micro levels. I wish you would justly level the playing field between retail and institutions, especially considering the widening wealth gap and soaring inflation. The proposed rule acts in the opposite manner. Transparency is essential for a fair and sound economy, market and democracy. I sincerely hope that whoever reads, scans, or ignores this email will reevaluate their position and withdraw the ruling as well as work best to create a free, transparent, and democratic market. As it should be. As it is meant to be. Otherwise we're all merely bowing to the sick, twisted power of money. Thank you for your time.