Apr. 21, 2022
To the SEC: Clearly, the financial markets are teetering on the edge of major disaster. Everyone keenly knows this, especially institutional lenders, market makers and brokers who are vastly overleveraged. This rule change proposal = CRIME. SR-NSCC-2022-003 is a rule change which will allow institutional investors to walk away from naked short selling practices, unscathed. This is beyond deplorable. There a highly unethical situation developing under this rule which mirrors the practices of one Bernie Madoff. This is unethical in every sense of the word. Fails to deliver on countless stocks has gone far beyond unethical. Institutions lend securities and lose on the invested collateral when those lose Value and they will not have to return said collateral??? I strongly disagree with the changing of this rule as do millions of retail investors. The corruption and greed on Wall Street is about to bring the experience of 2008 all over again and the SEC is going to allow predatory short selling to just walk under the guise of this rule change??? Please do not allow this rule change to pass. I implore you. For the sake of the American financial markets: DO NOT PROTECT THOSE WHO HAVE MADE BAD BETS. Respectfully, John Nugent Rochester NY