Apr. 20, 2022
This proposed rule is an affront to anyone and everyone who has ever purchased a security in our markets. The NSCC would have you endorse their criminal activities under the illusion of fairness. They want you, our sole remaining force of good in the markets, to become their Sheriff of Nottingham, assisting the powerful and undeserving in taking that which does not belong to them. This same policy has been proposed TWICE before under different guises because the morally bankrupt white collar thieves on Wall Street are TERRIFIED they will be caught by the CONSEQUENCES of their own poor decisions. They are horrified that they might no longer have the option of sucking the lifeblood from the very veins of our economy, that they will have to work to earn that which, until now, they have simply taken. They fear that those mechanisms of capitalism which once made our nation so prosperous will escape their stagnating influence and begin to recognize them for the parasites they are. Futhermore 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. Please abandon and do not accept this rule to pass. Best regards Mr. Kim