Apr. 25, 2022
As a retail investor I do NOT support the adoption of SR-NSCC-2022-003. At face value this seems like a rule intended to create another opaque layer of protection for bad players in the markets. Every day, thousands of retail investors like myself - not only in the US but also abroad are losing faith in their institutions - rule proposals like these do nothing to address retail investors concerns - they only exacerbate them - at some point in the near future, there WILL be more transparent alternatives to the US Stock Markets and when that future is here there will be an exodus by people who feel disenfranchised by continued, ignored corruptions. Over 2,000 years ago, Tacitus has it figured out: "The more corrupt the state, the more numerous the laws." The SEC should be implementing rules to make the markets more transparent - not opaque.