Apr. 23, 2022
Dear receiver, You need to vote NO for rule change SR-NSCC-2022-003. It is unfathomable to me why the SEC, who is supposed to protect retail investors are entertaining this rule that will make true price discovery even harder to ever get (which is already almost impossible), and will continue to bail out the criminal hedge funds and market makers that naked short these stocks, never return the borrowed shares, and continue to profit by allowing them another way out of closing their positions than actually closing them. This rule needs to be withdrawn and rejected at every turn. It is way past time for every hedge fund and market maker that has made trillions off of fraud through naked shorting and creating synthetic shares to own up to their crime. It seems that in the case of one particular stock (GME), they got caught with their pants down and have been trying to cheat and get out of it ever since. It's time for them to pay the price of that crime, regardless of what happens elsewhere in the market. These criminals made a bad bet and lost, yet you seem to continually bail them out for it. The public is wise to know how this game works now, and we are not going anywhere. Every short and naked short position MUST be closed. Period. No more kicking the can. Sincerely, Magnus Simonsbacka, a U.S. Investor