Apr. 20, 2022
Greetings, I would like to express my concerns of the aforementioned move taking place to create new rule, SR-NSCC-2022-003, as a retail investor. It is to my understanding, this rule is a complete disregard of fair market mechanics, which yields an insurmountable amount power and scope to “bad actors” who would abuse such mechanics. It appears, from what is written in the rule, to set in place "an alleviation to Fail To Delivers,” but in action does nothing to eliminate them. This, in effect, protects the already illegal action of naked short selling. This rule leverages the complexity of financial vehicles to put power in the hands of institutions, effectively safe-guarding them from their own bad bets. Passing this new rule would only further deteriorate the American public's faith in a "free and fair market". I urge you to withdraw this proposal immediately. Thank you, and let’s do our best for The People of The United States of America.