Apr. 20, 2022
Please read the email below in regards to File Number SR-NSCC-2022-03 I am a retail investor from the United Kingdom currently invested in the NYSE. It is my belief that the rule you have proposed in this document adversely affects the retail investor. This proposed rule would affect what is commonly seen as an unfair market by obfuscating true market price discovery through continuous lending. If this rule were to go in to affect, due to the infinite risk of naked shorting to US stock market and therefore US/World economy it would create an extremely unfair advantage to institutional investors over retail investors. The goal of the SEC is to create a more transparent stock market and if this rule were to be enacted the US stock market would be far less transparent. Regards, Owain Roderick