Apr. 21, 2022
CAUTION: This email originated from outside of the organization. Do not click links or open attachments unless you recognize the sender and know the content is safe. Hello, I am a retail investory and I vehemently oppose this proposed rule. I ask that you block/reject/withdraw the SR-NSCC-2022-003 rule. Creating more rules to benefit the already established billionaires is not what the SEC should strive for. The SEC needs to focus on rules that help everyone, not just the rich. In recent years the SEC has been under scrutiny by the retail market, and that market is losing trust in the SEC and other entities that work to provide more wealth for the wealthy. THIS MUST STOP. If not, retail will leave due to the fact that the markets are unfair. Make it fair, or get out of the way so someone else can step in and do what is needed for everyone. Here is what rules need to be put in place. 1. Remove PFOF. 2. Remove darkpool trading. 3. Decrease settling time to T+0. 4. Require FTDs to deliver. 5. Outlaw naked short selling. 6. Make the fines for illegal activity fit the crime. Fines in the 6 figures do not prevent the law breakers from continuing to break the law. Fines should be DOUBLE (or more) what profit was taken from breaking the law. 7. Remove trading licenses or market makers status when laws are broken. 8. Jail criminals/law breakers/manipulators of the markets. Martha Stewart went to jail for insider trading. What is going on within our system is much, much worse. Stop the criminality, punish the criminals, make it fair no matter who is involved. Respectfully, Jeff Hale