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’ve been reading about tule SR-NSCC-2022-003. I feel that the rule is receiving a lot of negative attention online, so I feel compelled to write this email. After reading a significant portion of the rule (some 70 pages or so), it seems like it establishes (in exhaustive detail) a comprehensive SFT clearing program. I’m not sure what impact this could have on retail traders, but it seems well made for larger financial institutions who would take advantage of the program. I suppor the rule because it adds liquidity to the market and is comprehensively designed. Gratefully, A friendly retail investor.