Subject: File No. SR-NSCC-2022-003
From: Harry Smith
Affiliation:

Apr. 20, 2022

 


I will keep this simple - opposed to all these big words used in the proposed rule changes. If you are too over leveredged then you should be at fault for taking too much risk. The "Instittions" who are "too big to fail" should not be cushioned from being ill-liquid. They should be subject to the rules as any other retail investor, any other lay man. We need to be transparent and if they are at risk, they should have known the consequesnces of their over stepped moves. Thank you.