Apr. 24, 2022
Hello , i am a retail investor who invested in the US market. As a retail investor, I am sending this email because I'm extremely concerned that rule SR-NSCC-2022-003 is being proposed. The rule is full with loop-holes that can be used and abused to manipulate the price on security trading. Market makers can in conjunction with illegal naked shorting and abusive dark pool trade routing to control and suppress the price. That is supposed to be an unsafe and harmful business practice. And also that is extremely harmful for everyone that invest in the free and fair market. How this rule will contribute for the fair market? I think will not help in anything. Please do not allow SFTs (Security Financial Transactions) proposed in this rule, this can create big damage to the Security market, because the real financial obligations of the fail to delivers get passed along instead of settled. That allows for abusive practices where market makers are never accountable for their failings. This type of failings will harm retail investors and it violates our rights for a free and fair market Please remove this proposed rule and furthermore please do not try to propose something similar again in the future, as iterations of this have been rejected in the past and continue to be rejected by educated investors every time they resurface. The SEC should be looking for the best for the investors, So I would propose that you direct your attention to doing so. Thank you in advance for your timely attention to this matter, and please live up to your obligations and help the investors from predatory behavior by financial institutions. As a retail investor, I implore you to take this threat to the very sanctity, fairness and transparency of our markets for what it is - a threat against every single retail investor. Sincerely, Arroz de Atum